Union Budget 2021 focuses on the welfare of the farmers


“Government is fully committed to the welfare of the farmers”, says N. Sitharaman while presenting the Agricultural aspects of Budget 2021. Rs.1,30,485 crore have been allocated to The Ministry of Agriculture and Farmers’ Welfare, which is by far the highest funding given to them till date. Innovative ideas of ‘zero budget farming’ will be promoted across the country by the government. The Budget focuses on schemes to decrease financial stress and increase income opportunities in an effort to double farmers income by the year 2022. 

With the steady increase in procurement, farmers have seen a gradual increase in the payments. The amount paid to wheat-growing farmers have increased to Rs 75, 060 crores in the last year as compared to 62, 802 crores in the year 2019-20. For paddy growing farmers, the amount increased to Rs. 172,752 crore In 2019-2020, this was Rs.1,41,930 crore.  In the case of pulses, the amount paid in 2013-2014 was 236 crore. Now, in 2020-2021, it is at Rs.10,530 crore, a more than 40 times increase from 2013-14. The receipts to cotton farmers have seen a stupendous increase from Rs. 90 crore in 2013-14 to Rs. 25,974 crore (as on 27th January 2021). 

Agricultural credit target enhanced to Rs. 16.5 lakh crore for the year 2022 where the primary focus will be on animal husbandry, dairy, and fisheries. Rural Infrastructure Development Fund is also going to be increased to Rs. 40,000 crore from Rs. 30,000 crore. The Micro Irrigation Fund, with a corpus of Rs.5,000 crore has been created under NABARD will be doubled.

Recently, The Prime Minister had launched a SWAMITVA Scheme. Under this, a record of rights is being given to property owners in villages. Up till now, about 1.80 lakh property-owners in 1,241 villages all over the country have been provided with the cards and now there are plans to cover all other states/Union Territories under it.

To maintain the transparency of the agricultural market, around 1.68 crore farmers registered and Rs. 1.14 lakh crore of trade value has been carried out through e-NAMs. 1,000 more mandis are in the pipeline to be integrated with e-NAM to bring competitiveness among them. 

In a signed declaration to help esteem expansion in farming and associated items and their fares, the extent of ‘Operation Green Scheme’ that is as of now accounted to tomatoes, onions, and potatoes, will be extended to incorporate 22 perishable items.

This year’s Union Budget has taken into consideration all the points for the welfare of the farmer’s community. The proper execution will undoubtedly lead to its flourishment.

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By TIS Staffer
the authorBy TIS Staffer

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