Union Budget 2018: Food processing industry gets 1400 crores budget
Jaitley on agriculture export and food processing India's agriculture export potential is $100 billion as against today's $30 billion, says Arun Jaitley. He also added that food processing sector is growing at 8 percent. The allocation for food processing ministry being doubled to Rs 1400 crore, he said. Extension of Kisan credit card to fisheries and animal husbandry farmers Finance Minister says propose to extend Kisan credit card to fisheries and animal husbandry farmers. Food processing sector growing at 8 pc; allocation for food processing ministry being doubled to Rs 1400 cr *India’s agri export potential is USD 100 bn as against current USD 30 bn exports *Govt to allocate Rs 500 cr for ‘Operation Green’ to promote FPOs, agri logistics and processing *India produced over 275 million tonnes of foodgrains and 300 million tonnes of fruits and vegetables in 2016-17 *Crop production at record high; govt is committed to giving 50% more than cost of crop production to farmers *Govt to set MSP at one-and-half times the cost of production for kharif crops *Govt will ensure farmers get MSP if prices fall; Niti Aayog will discuss with state govts for mechanism to ensure farmers get better prices *Rs 2,000 crore fund to be set up for upgrading rural agri markets *Govt has promoted organic farmers in a big way; women self-help groups to be encouraged to take up organic farming *Agriculture ministry will reorient ongoing programmes to promote cluster-based horticulture production *We are firmly on path to achieving 8 pc growth: Jaitley *Budget will focus on strengthening agricultural and rural economy *PM has articulated the vision of minimum government, maximum governance *Govt focusing on ease of living now *Cooking gas being given free to poor under PMUY, 4 cr unconnected being provided electricity connection, stent prices slashed *Emphasis on generating higher income for farmers; want to help farmers produce more and realise higher prices *Economy to grow by 7.2-7.5 per cent in second half of current fiscal -PTC NEWS
