Highlights of FM’s speech on COVID-19 relief package for agri infrastructure, dairy cooperatives and more
430
Highlights of FM’s speech on COVID-19 relief package for agri infrastructure, dairy cooperatives and more
- Funds transfers worth Rs 18,700 crores has been done under the PM KISAN Yojana in the past 2-months and PM Fasal Bima Yojana claims worth Rs 6,400 crores have also been released in the past 2 months.
- During the Covid-19lockdown period, the demand for milk was reduced by 20-25 per cent. A new scheme has been launched for interest subvention at 2 per cent per annum to dairy cooperatives for 2020-21 aimed at unlocking Rs 5,000 crores additional liquidity, benefitting 2 crore farmers.
- A scheme will be launched to help 2 lakh unorganised Micro Food Enterprises, This scheme aims to promote the ‘Vocal for Local’ vision of our Prime Minister.
- To help the Fisheries sector, operations of Marine Capture Fisheries and Aquaculture has been relaxed to cover Inland Fisheries.
- Government will launch a Rs 20,000 crores Pradhan Mantri Matsya Sampada Yojana (PMMSY) for integrated, sustainable inclusive development of marine and inland fisheries.
- The scheme will lead to additional fish production of 70 lakh tonnes over the next 5 years and will employment to over 55 lakh people.
- National Animal Disease Control Programme for foot and mouth disease (FMD) and Brucellosis will be launched with a total outlay of Rs 13,343 crores. The programme will ensure 100 per cent vaccination of cattle, buffalo, sheep, goat and pig population (a total of 53 crore animals) for FMD and brucellosis.
- An Animal Husbandry Infrastructure Development Fund of Rs 15,000 crore will be set up. The fund will aim to support private investment in dairy processing and cattle feed infrastructure.
- A total of Rs 4000 crore will be allocated for promotion of herbal cultivation.As much as 10,00,000 hectare will be covered in the next 2 years.
- Government will implement a Rs 500 crore scheme of infrastructure development related to integrated beekeeping development centres, collection, marketing and storage centres, post-harvest and value addition facilities. This scheme will lead to an increase in income of 2 lakh bee-keepers.
- We will also amend the Essential Commodities Act to enable better price realisation for farmers.
Source : PIB (Release ID: 1624104)
K.C.MAHATO is expert in GST Consultancy and has an experience of more than 10 years in Indirect tax , Direct Taxes and the accounting profession. He is also giving GST Practical Training to Students and SME Traders. He provide services that most effectively meet client needs. Her experience is concentrated in performing GST Laws & Practices and compliances of gst in a variety of industries.
