Dairy Fund & Eas­ier Flow of Credit Will Help Mil­lions, Ac­cel­er­ate Farmer Drive

DOU­BLING FARM IN­COME Over the next five years, we ex­pect that these pro­vi­sions will help dou­ble the in­come of our farm­ers and boost our ru­ral econ­omy

The Economic Times - - Front Page -

seg­ment and is re­flec­tive of the vi­sion of col­lec­tive de­vel­op­ment.

The last bud­get, in my view, had taken very rad­i­cal steps for the wel­fare of farm­ers. These, as the Cen­tre has now com­mit­ted in this bud­get, will further be strength­ened. This must be wel­comed.

For ex­am­ple, fol­low­ing the bud­getary pro­pos­als im­ple­men­ta­tion from last year, the state’s milk pro­duc­tion has in­creased tremen­dously. The Cen­tre con­tin­ues to build on these pos­i­tive moves with in­cre­men­tal steps.

Dairy pro­cess­ing in­fra­struc­ture de­vel­op­ment fund an­nounced now will help our cat­tle in­dus­try and farm­ers even more. The pro­vi­sion of credit fa­cil­ity will ben­e­fit farm­ers in mil­lions as they will now eas­ily be able to meet loan re­quire­ment. The ₹ 5,000 crore mi­cro ir­ri­ga­tion in­fra­struc­ture fund will sig­nif­i­cantly strengthen the state.

Over the next five years, we ex­pect that these pro­vi­sions will help dou­ble the in­come of our farm­ers and boost our ru­ral econ­omy. The pro­posed new leg­is­la­tion for con­tract farm­ing will also go a long way in bring­ing ben­e­fits to them.

All these ini­tia­tives are ref lec­tive of the pro­gres­sive think­ing of the cen­tral gov­ern­ment. Along­side co­op­er­a­tive fed­er­al­ism, the Bud­get makes the Cen­tre’s com­mit­ment to trans­form In­dia ev­i­dent. Un­der the lead­er­ship of Prime Min­is­ter Naren­dra Modi, In­dia is grow­ing rapidly and var­i­ous mea­sures are be­ing taken to en­sure that no one stops its pace. All ob­sta­cles are grad­u­ally be­ing elim­i­nated by the gov­ern­ment.

The world’s fastest grow­ing econ­omy on PM Modi’s watch is also de­vel­op­ing it­self as a uni­fied mar­ket which will fa­cil­i­tate in­vest­ment and eco­nomic growth. The thrust on dig­i­tal econ­omy will further help build a new and more in­te­grated econ­omy of In­dia.

I am par­tic­u­larly im­pressed by the steps an­nounced to elim­i­nate poverty and gen­er­ate new jobs. The In­dian In­ter­na­tional Skill De­vel­op­ment Cen­ters will make our youth em­ploy­able and the ₹ 4,000 crore SANKALP pro­gramme will en­able the young peo­ple earn a de­cent liv­ing.

The other peo­ple-friendly mea­sures that de­serve men­tion are tax re­lief mea­sures for small com­pa­nies. These will help pro­mote small and mi­croen­ter­prises on a wider scale. The per­sonal in­come tax re­lief will also be a big help to the com­mon peo­ple. Waiver of ser­vice charge on on­line rail­way ticket book­ing is an­other good ini­tia­tive by the gov­ern­ment that will pro­mote cash­less trans­ac­tions and help In­dia grow faster to­wards its path to a dig­i­tal econ­omy.

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