The Government is giving highest priority to agriculture and allied sector.
The sector provided employment to 55 per cent of the work force.
The total geographical area of India is 328.7 million hectares of which 140.3 million hectares is net sown area, while 193.7 million hectares is the gross cropped area
Union Budget 2010-11 The Budget Estimates 2010-11 provides for a total expenditure of Rs. 11,08,749 crore. BUDGET 2010-2011 FOR AGRICULTURAL GROWTH: Agriculture sector has been raised by Rs 2185 crore to Rs 12185 crore. A four-pronged strategy 1. Agricultural production; 2. Reduction in wastage of produce; 3. Credit support to farmers; and 4. Thrust to the food processing sector.
Custom duty reduced from 5% to 2.5% on agriculture based sectors
Farm credit – Rs. 375000 crores(up by rs.50000 crores)
Agriculture Credit has been increased from Rs.3,75,000 crores to Rs.4,75,000 crores.
National Mission for Sustainable Agriculture
Mega Food Parks
Storage Capacity and Cold Chain
Union Budget 2011-12 is likely to undertake measures to ease such constraints in the form of reforms in Agriculture & Infrastructure sector. 1. Larger Investments in Agriculture sector, 2. Steps towards reduction in essential commodities hoarding,
An allocation of Rs 10.62 bn for National Horticulture Mission.
An allocation of Rs 13.50 bn for National Food Security Mission.
An allocation of Rs 10.00 bn for Macro Management in Agriculture.
An allocation of Rs 10.00 bn Micro Irrigation.
An allocation of Rs 9.50 bn for National Agricultural Insurance Scheme
Budget focuses on farm sector: Analysts Budget Conveys strong Signal for Reforms: Pranabh Mukherjee Farm Sector gets Big Boost In Budget : FM Under developed states to benefit from budget 2011-2012. With Inflation at higher rate and cost of living increasing enormously, aam aadmi is expecting a more beneficial budget for savings from this budget