Today: 17 January 2025
1 February 2021
1 min read

‘Agriculture Infra Fund to be available for APMC mandis’

The announcement made by the Union government to strengthen the APMCs is quite significant given the ongoing farmers’ agitation against the three new Union farm laws introduced last year by the Central government….reports Asian Lite News

https://www.youtube.com/watch?v=dVDaVCmFSsM

Union Finance Minister Nirmala Sitharaman made a major announcement in the Union Budget 2020-21 related to the agriculture sector on Monday, saying that the Agriculture Infrastructure Fund would also be available for Agricultural Produce Market Committee (APMC) mandis.

Sitharaman has announced to hike the target of agricultural loans (farm credit) to Rs 16.5 lakh crore in the Union budget. Apart from this, the budget for Sukshma Sinchai Yojana (micro-irrigation project) has also been doubled.

The announcement made by the Union government to strengthen the APMCs is quite significant given the ongoing farmers’ agitation against the three new Union farm laws introduced last year by the Central government.

It is being said that the new Central farm laws would abolish the mandi system run by the APMCs in the states. However, the Central government has always reiterated saying that the new laws would not pose any threat to the APMC mandis but if competition increases, the mandi system will become stronger.

Sitharaman has announced to hike the funding of the Sukshma Sinchai Yojana to Rs 10,000 crore.

At the same time, it has been announced to increase the Rural Infrastructure Fund i.e. basic structure of the rural sector to Rs 40,000 crore.

Sitharaman presented the General Budget for the next financial year in Parliament on Monday. She presented the Budget for the third consecutive time.

Also read:Budget 2021 allocates Rs 65,000cr for NH roads in Kerala

Previous Story

Budget 2021 allocates Rs 65,000cr for NH roads in Kerala

Next Story

Centre to launch Securities Market Code

Latest from -Top News

New Zealand PM hails CEPA with UAE 

He emphasised the strong bilateral relations, which have spanned 40 years of successes and achievements…reports Asian Lite News Christopher Luxon, Prime Minister of New Zealand, said that the UAE is New Zealand’s

Israel delays cabinet vote on Gaza truce 

The full cabinet vote on the agreement is now expected to take place on Saturday. However, the smaller security cabinet is meeting today to vote on the deal.    Israel’s cabinet has

Sheikh Mohammed honours Arab geniuses 

The Great Arab Minds 2024 initiative honoured six exceptional personalities from across the Arab world…reports Asian Lite News   His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler

Solar energy booms in UAE with key projects 

The UAE cements its leadership in solar energy with groundbreaking initiatives like the Dubai Clean Energy Strategy 2050 and Abu Dhabi Vision 2030, driving regional growth and innovation in renewable energy while
Go toTop