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

World Bank Warns of Growing Poverty in Pakistan

Instead of concentrating on rural development to reduce poverty, the Pakistan government has been focused more on increasing defence expenditure….reports Asian Lite News The World Bank has voiced deep concern over Pakistan’s

Hasina Faces Arrest in War Crimes Probe

Two formal charges were submitted by the ICT prosecution against Hasina and her security and defence advisor, Tarique Ahmed Siddique….reports Asian Lite News Bangladesh’s International Crimes Tribunal (ICT) on Wednesday issued arrest

Peace in Afghanistan Vital, Says India

The Indian delegation at the meeting was led by Ambassador to Russia Vinay Kumar who expressed support for independent, peaceful and stable Afghanistan….reports Asian Lite News On Tuesday, India reaffirmed that a

India, Qatar Strengthen Trade Ties

Goyal expressed optimism about the growing economic engagement between the two countries, stating, “Glad to meet Ahmed bin Mohammed Al-Sayed….reports Asian Lite News Union Minister of Commerce and Industry Piyush Goyal met
Go toTop