LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Budget 2019 expectations: Here's what can really help agriculture sector

Agriculture sector makes up a major part of Indian economy, and hence every development for revival would be keenly watched.   

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Budget 2019 expectations: Here's what can really help agriculture sector
Less than 10 days are left for the final Budget 2019 presentation by Finance Minister Nirmala Sitharaman. Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Tue, Jun 25, 2019
06:11 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Social Stock Exchange: What is it? Will it benefit social enterprises in India? Social Stock Exchange: What is it? Will it benefit social enterprises in India?
Housing for all by 2022: Outlook positive for affordable housing in the next 3 years Housing for all by 2022: Outlook positive for affordable housing in the next 3 years
Hit by massive trouble, NBFC sector gets a big boost; here is how Hit by massive trouble, NBFC sector gets a big boost; here is how
Investment tips: These 10 stocks can help your wealth grow in July 2019  Investment tips: These 10 stocks can help your wealth grow in July 2019
Sensex crash! Rs 5.61 lakh crore of investor wealth wiped out in 2 days - 8 reasons why Sensex crash! Rs 5.61 lakh crore of investor wealth wiped out in 2 days - 8 reasons why

Less than 10 days are left for the final Budget 2019 presentation by Finance Minister Nirmala Sitharaman. Farmers and agriculture sector will as usual be among major agenda of the NDA government. The government has launched several schemes including income support and loan relief for the agricultural sector in the interim budget FY20. This sector holds a major part of Indian economy, and hence every development for revival would be keenly watched. 

Dr. Arun Singh, Chief  Economist at Dun and Bradstreet for agriculture sector said, “In the upcoming Budget, the government is expected to announce higher spending for agricultural sector. Considering probability of below-normal monsoons, already prevailing issues in the farm sector across the value chain and the government’s aim to double farmer’s income by 2022, the government needs to introduce certain structural reforms, targeting: (i) support to small and marginal farmers (ii) development of agricultural market (iii) improvement in agricultural productivity.”

Singh discusses in detail about the three factors for agriculture sector. 

Support to small and marginal farmers: To support this segment, the government may introduce interest-free Kisan credit cards this year. Special redressal mechanism/scheme could be formulated to address farmers in 29 districts, most vulnerable from high climate variability and low income.

Development of agricultural market: The government is likely to introduce warehousing schemes at village and National level to build an efficient storage infrastructure.  A National Warehousing Grid along the National Highways may also be introduced. Agricultural marketing reforms need to go beyond e-Nam initiative; the 2nd phase of e-Nam converging the supply chain from farmer to retailer/consumer is expected to be rolled out.

Improvement in Agricultural Productivity: To improve agricultural productivity, soil health card initiative needs to be strengthened by providing unit-level testing facility and increasing quality control of soil-testing labs. The government may promote micro and drip irrigation and increase coverage of crops under farm insurance scheme.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Budget 2019Nirmala SitharamanNarendra ModiAgricultureFarmersfarmers incomebudget 2019 india expectations
RELATED NEWS
Social Stock Exchange: What is it? Will it benefit social enterprises in India? Social Stock Exchange: What is it? Will it benefit social enterprises in India?
Housing for all by 2022: Outlook positive for affordable housing in the next 3 years Housing for all by 2022: Outlook positive for affordable housing in the next 3 years
Hit by massive trouble, NBFC sector gets a big boost; here is how Hit by massive trouble, NBFC sector gets a big boost; here is how
Investment tips: These 10 stocks can help your wealth grow in July 2019  Investment tips: These 10 stocks can help your wealth grow in July 2019
Sensex crash! Rs 5.61 lakh crore of investor wealth wiped out in 2 days - 8 reasons why Sensex crash! Rs 5.61 lakh crore of investor wealth wiped out in 2 days - 8 reasons why

LATEST NEWS

BOOSTER dose for Yes Bank! CDP rates ‘A-' (Leadership Band); achieves Environmental Management System certification for eighth year

India's Marvel! World's highest rail bridge arch on Chenab in Jammu and Kashmir nears completion, says Piyush Goyal

Rajasthan RVUNL Recruitment 2021: Notification issued for vacancies in various posts! Check details here

Central government employees, pensioners? How this FM Nirmala Sitharaman latest news today may impact you | EXPLAINED

7th Pay Commission: Big bonanza on Dearness Allowance (DA), Dearness Relief (DR) for Central Government employees, pensioners coming before Holi?

This country passes law to make Google, Facebook pay for news

ICSI CS results 2021 to be released today on icsi.edu—Here is how to download Executive, Professional courses marks statement

7th Pay Commission Latest News: How pensioners will benefit from DA, TA, salary hike for central government employees?—EXPLAINED

Big message! PM Narendra Modi says government has no business to be in business

Your PAN card may soon become inoperative; you may be fined too if you miss this deadline — Check last date

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved