Union Budget 2018 Highlights on Agriculture

New Delhi, Feb 01: The government's emphasis will be on generating higher incomes for farmers, by helping them produce more with lesser cost, and in turn, earn higher income for their produce.

Finance Minister stressed on the fact that India's agricultural production is at a record high-level today. 275 million tonne foodgrains and 300 million tonne fruits and vegetable have been produced in the country

The FM said the government wants farmers to earn 1.5 times the production cost, and the Minimum Selling Price (MSP) for the Kharif Crops has been set at 1.5 times the produce price. Jaitley said the Centre will work with states to ensure that all farmer get a fair price.

Agricultural market and infra fund of Rs 2000 crore fund will be set up to strengthen the market connectivity.



* A sum of Rs 500 cr will be allocated for Operation Green to be launched. It will promote agricultural products

* Extend the facility of Kisan credit card to fisheries and for animal husbandry

* Rs 10,000 crore set aside for Fisheries and Aquaculture Development Fund

* Rs 10,000 crore set aside for animal husbandry infra fund