FM Nirmala Sitharaman Economic package briefing day 3|Focus on agriculture and allied activities

FM Nirmala Sitharaman to brief on the Rs 20 lakh crore economic package for third consecutive day.

FM Nirmala Sitharaman will address a press conference at 4 pm on May 15 to provide details on the breakout of COVID-19 relief package under the Atmanirbhar Bharat Abhiyan.

Finance Minister Nirmala Sitharaman took first session of briefing on May 13.Day 1 turned out to be relief given specifically to MSME’s and NBFC.check out day 1 briefing on below link

FM Nirmala Sitharaman Day1 briefing

Second session of briefing was done by Finance Minister Nirmala Sitharaman on May 14. Day 2 focused on relief packages to migrant workers and small farmers. Check out complete day 2 briefing on below link

FM Nirmala Sitharaman Day 2 briefing

Watch Live

During lockdown period the Minimum Support Price purchases of amount more than Rs 74,300 crores; PM Kisan fund transfer of Rs 18700 crore: FM Nirmala Sitharaman on additional steps for agriculture during COVID19

While announcing a relief to the dairy industry, FM Nirmala Sitharaman said-During COVID lockdown period, the demand for milk reduced by 20-25%. A new scheme to provide interest subvention at 2% per annum to dairy cooperatives for 2020-21. The scheme will unlock Rs 5000 cr additional liquidity, the benefit to 2 cr farmers.

FM Nirmala Sitharaman further said that to help Fisheries sector, operations of Marine Capture Fisheries and Aquaculture has been relaxed to cover Inland Fisheries

In a move to strengthen infrastructure in agriculture, financing facility of Rs. 1 lakh crore will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points, FM Nirmala Sitharam announced.

Aiming to implement PM’s vision of ‘Vocal for Local with Global outreach’, a scheme will be launched to help 2 lakh Micro Food Enterprises; Improved health and safety standards, integration with retail markets and improved incomes to be key focus areas.

Government to launch Pradhan Mantri Matsya Sampada Yojana for integrated, sustainable, inclusive development of marine and inland fisheries to plug critical gaps in the fisheries value chain; move will provide employment to over 55 lakh persons & double exports to Rs 1 lakh crore.

National Animal Disease Control Programme has been launched with a total outlay of Rs. 13,343 crores for 100% vaccination of cattle, buffalo, sheep, goat, and pig population in India.

The government announces an Animal Husbandry Infrastructure Development Fund worth Rs. 15,000 crore to support private investment in Dairy Processing, value addition, and cattle feed infrastructure.

To promote Herbal Cultivation in India Government commits Rs 4000 crore; move aims to cover 10 lakh hectare under herbal cultivation in 2 years; corridor of medicinal plants to come up across banks of Ganga.

Government to implement a scheme for infrastructure development related to Beekeeping; aims to increase income for 2 lakh beekeepers with special thrust on capacity building of women.

In a major announcement, Government extends Operation Greens from Tomatoes, Onion and Potatoes (TOP) to ALL fruits and vegetables.

Government will amend Essential Commodities Act to enable better price realization for farmers; Agriculture food stuffs including cereals, edible oils, oilseeds, pulses, onions and potato will be deregulated.