Key Highlights of Indian Budget 2019-20 for Agriculture and Allied Sectors:
• For the welfare of farmers and for doubling their income, historic decision was taken to increase MSP by 1.5 times the production cost for all 22 crops -as per the Finance Minister
• To provide assured income support for small and marginal farmers, Pradhan Mantri Kisan Samman Nidhi scheme has been approved. Farmers owning upto 2 hectares to get Rs 6,000 per year in 3 instalments. The program will be effective December 1, 2018, and the money will be directly transferred into their account. Expect spend of Rs 75.000 crore on this scheme. About 12 crore farmers will benefit from it.
• Have increased allocation for Rashtriya Gokul Mission scheme to Rs 750 crore for protection of cows
• Rs 20,000 crore to be spent on PM Kisan Scheme in FY19. Join agriculture exams library
• Instead of rescheduling of crop loans, those farmers severely affected by natural calamities will get 2% interest subvention and additional 3% interest subvention upon timely repayment.
• 2% interest subvention to farmers pursuing animal husbandry and fisheries
•More than 7,000 beneficiaries of PM Mudra Yojana are women. 15.56 crore loans of 7.23 lakh crore disbursed under MUDRA Yojana.
• In the last 5 years under all categories of workers, minimum wages increased by 42% which is the highest ever.
• 34 crore Jan Dhan Yojana accounts opened in last five years..
https://www.facebook.com/groups/nabard.development.assistant.exam/