Thrust on agriculture and rural economy

agriFinance Minister chose to lay emphasis on the agrarian community as well as rural development, perhaps keeping in mind the difficult phase the farmers have been passing through. Here are some of the broad measures he outlined in his budget speech today



Welfare of farmers: 

Allocation for Agriculture and Farmers’ welfare is ` 35,984 crore

‘Pradhan Mantri Krishi Sinchai Yojana’ to be implemented in mission mode.

28.5 lakh hectares will be brought under irrigation. 

Implementation of 89 irrigation projects under AIBP

A dedicated Long Term Irrigation Fund will be created in NABARD with an initial corpus of about ` 20,000 crore

Programme for sustainable management of ground water resources with an estimated cost of ` 6,000 crore will be implemented through multilateral funding

5 lakh farm ponds and dug wells in rain fed areas and 10 lakh compost pits for production of organic manure will be taken up under MGNREGA

Soil Health Card scheme will cover all 14 crore farm holdings by March 2017.

2,000 model retail outlets of Fertilizer companies will be provided with soil and seed testing facilities during the next three years

Promote organic farming through ‘Parmparagat Krishi Vikas Yojana’ and ‘Organic Value Chain Development in North East Region’.

Unified Agricultural Marketing ePlatform to provide a common e- market platform for wholesale markets

Allocation under Pradhan Mantri Gram Sadak Yojana increased to `

19,000 crore. Will connect remaining 65,000 eligible habitations by 2019.

To reduce the burden of loan repayment on farmers, a provision of `15,000 crore has been made in the BE 2016-17 towards interest subvention

Allocation under Prime Minister Fasal Bima Yojana ` 5,500 crore.

850 crore for four dairying projects – ‘Pashudhan Sanjivani’, ‘Nakul Swasthya Patra’, ‘E-Pashudhan Haat’ and National Genomic Centre for indigenous breeds


Allocation for rural sector – ` 87,765 crore.

2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and Municipalities

Every block under drought and rural distress will be taken up as an intensive Block under the Deen Dayal Antyodaya Mission

A sum of ` 38,500 crore allocated for MGNREGS.

300 Rurban Clusters under the Shyama Prasad Mukherjee Urban Mission

100% village electrification by 1st May, 2018.

District Level Committees under Chairmanship of senior most Lok Sabha MP from the district for monitoring and implementation of designated

Central Sector and Centrally Sponsored Schemes.

Priority allocation from Centrally Sponsored Schemes to be made to reward villages that have become free from open defecation.

A new Digital Literacy Mission Scheme for rural India to cover around 6 crore additional household within the next 3 years.

National Land Record Modernisation Programme has been revamped.

New scheme Rashtriya Gram Swaraj Abhiyan proposed with allocation of ` 655 crore

Medaram Jathara

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