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Agriculture sector budget
 

Agriculture sector budget

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    Agriculture sector budget Agriculture sector budget Presentation Transcript

    •  
    • GUIDED BY PREPARED BY MR. PUSHPINDER JIT SHARMA LECTURER R.I.M.T-REGIONAL SHEEBA YASEEN MANMEET PRADEEP M.B.A – II SEM
    • DEFINITION OF Union Budget
      • The dictionary meaning of budget is a systematic plan for the expenditure of a usually fixed resource during a given period.
      • The  Union Budget of India , referred to as
      • the  Annual Financial Statement is the annual
      • budget of the Republic of India, presented
      • by  Finance Minister of India in Parliament.
      • The Union budget is preceded by an Economic Survey which outlines the broad direction of the budget and the economic performance of the country.
    • Graphical Representation of India’s GDP Composition   
    • GROSS DOMESTIC PRODUCT GROWTH RATE
      • Economic growth is the increase in value of the goods and services produced by an economy.
      • It is conventionally measured as the percent rate of increase in real gross domestic product, or GDP.
      • Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to net out the effect of inflation on the price of the goods and services produced .
    • AGRICULTURE SECTOR
      • Agriculture – Backbone Of Indian Economy.
      • 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.
      • Union Budget 2011-
      • 2012 for Agricultural Sector  
      • The total expenditure in 2011-12 will be 12.58 trillion rupees.
      • The total plan outlay for agriculture & allied sector is to be increased by 19.79% to Rs 147.44 bn.
      • The target agricultural credit is proposed to be raised to Rs 4,750 bn in FY12 from Rs 3,750 bn in FY11.
      • 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,
      • 3. Investment in R&D in agriculture.
      • 4. Irrigation and water management
      • 5. Related to agriculture inputs
      • Scarcity of input water.
      • Shortage of agricultural labour because of NREGS.
      • Shortage of organic manures in spite of rising demand.
      •  
      • Feed problems of diary and farm animals and poultry birds.
      • Mounting overdue of farm loans and failure of cooperatives.
      • Climate related crop failures and outbreak of diseases.
      • Mental trauma of the farm families in combating economic reform.
      • Rising cost of living and deficit family budget.
      • Uncertainly of the cropping system and changing package of practices.
      • Confuse in the channel of marketing aid loss of market during harvesting.
      •  
      • Widening gap of income between farmers and non-farmers.
      • Introduction of a powerful supply chain to support the processing and marketing of consumable farm turn out,
      • Introduction of advanced technology and infrastructure to assist the conversion of farm produce into a finished value added product an
      • Introduction of technology to enhance agricultural turn out.
      • Benefit of 5% concessional customs tariffs on particular agricultural equipment not created in India
      • Tax exemption from central excise tariff on particular equipment for conservation and processing of agriculture and associated sectors
      • Service tax exemption on the testing and documentation of agricultural seeds
      • Service tax exemption on the transportation of cereals and pulses by rail and road.
      • 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
    •