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Budget 2020: Five things govt can do to boost farm income, agri productivity – The Financial Express

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Budget 2020 India: Given the potential of the animal husbandry and dairy sector, additional allocation to the schemes related to this sector may be considered.

By Aloke Agarwal

Union Budget 2020 India: Agriculture and allied sector is one of the significant contributors to India’s economy with a share of 14.9% 1 in the total Gross Value Added (GVA) in 2017-18 at constant prices. It also employs 43.9% 2 of the country’s total workforce. Given the importance of this sector to both the economy and the country’s rural population, the Central Government has identified various priorities for the development of this sector. Some important ones include doubling of farmers income by 2022-23, improving the terms of trade for farmers by focusing on target based exports, promoting precision agriculture through use of innovative technologies, increasing water-use efficiency and renewing focus on animal husbandry, dairy and fisheries thereby shifting cultivators from farm to non-farm activities.

To achieve these objectives various initiatives and schemes have been undertaken by the Government. For increasing the farmer’s income, the government raised the MSP for select crops; it is also…



Read More: https://www.financialexpress.com/budget/budget-2020-five-things-govt-can-do-to-boost-farm-income-agri-productivity/1841846/

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Source: https://www.financialexpress.com/budget/budget-2020-five-things-govt-can-do-to-boost-farm-income-agri-productivity/1841846/

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