February 1, 2021
1 min read

‘Agriculture Infra Fund to be available for APMC mandis’

The announcement made by the Union government to strengthen the APMCs is quite significant given the ongoing farmers’ agitation against the three new Union farm laws introduced last year by the Central government….reports Asian Lite News

https://www.youtube.com/watch?v=dVDaVCmFSsM

Union Finance Minister Nirmala Sitharaman made a major announcement in the Union Budget 2020-21 related to the agriculture sector on Monday, saying that the Agriculture Infrastructure Fund would also be available for Agricultural Produce Market Committee (APMC) mandis.

Sitharaman has announced to hike the target of agricultural loans (farm credit) to Rs 16.5 lakh crore in the Union budget. Apart from this, the budget for Sukshma Sinchai Yojana (micro-irrigation project) has also been doubled.

The announcement made by the Union government to strengthen the APMCs is quite significant given the ongoing farmers’ agitation against the three new Union farm laws introduced last year by the Central government.

It is being said that the new Central farm laws would abolish the mandi system run by the APMCs in the states. However, the Central government has always reiterated saying that the new laws would not pose any threat to the APMC mandis but if competition increases, the mandi system will become stronger.

Sitharaman has announced to hike the funding of the Sukshma Sinchai Yojana to Rs 10,000 crore.

At the same time, it has been announced to increase the Rural Infrastructure Fund i.e. basic structure of the rural sector to Rs 40,000 crore.

Sitharaman presented the General Budget for the next financial year in Parliament on Monday. She presented the Budget for the third consecutive time.

Also read:Budget 2021 allocates Rs 65,000cr for NH roads in Kerala

Previous Story

Budget 2021 allocates Rs 65,000cr for NH roads in Kerala

Next Story

Centre to launch Securities Market Code

Latest from -Top News

Hurricane Melissa leaves Caribbean in chaos

Hurricane Melissa leaves a trail of destruction across the Caribbean, claiming lives, wiping out homes, crippling infrastructure and triggering urgent global relief efforts amid rising humanitarian needs…reports Asian Lite News The Caribbean

Sharjah sets sail for London

At World Travel Market (WTM) London 2025, Sharjah is set to highlight both its deep-rooted cultural identity and forward-looking tourism strategy, demonstrating the emirate’s growing influence in global travel and destination marketing…reports

DP World to pump $5bn into India

DP World’s $5bn pledge strengthens India’s maritime future, powering green shipping, ship-repair capacity, talent growth and next-gen freight tech while deepening the nation’s global trade role…reports Asian Lite News DP World has

UAE mega-aid ship docks in Egypt

The shipment, one of the largest single consignments dispatched as part of the UAE’s air and sea bridge, includes essential food items…reports Asian Lite News A UAE humanitarian vessel carrying more than

Arab bloc hails UAE’s efforts in Gaza

Arab Parliament lauds UAE’s major aid efforts in Gaza and urges unified global backing for reconstruction, Palestinian statehood and a lasting peace grounded in the Two-State framework…reports Asian Lite News The Speaker
Go toTop