Agriculture : Interim Budget

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  • The budget announced a farm support scheme for farmers owning up to 2 hectares of lands.
  • These farmers will get Rs 6,000 per year in three equal instalments effective from December 1, 2018.
  • The Finance Minister has set aside Rs 75,000 crore for the scheme.
  • The farm support scheme is expected to benefit 12 crore small and marginal farmers.
  • The allocation for the Rashtriya Gokul Mission has been increased to Rs 750 crore for increasing the production and productivity of cows.
  • 2% interest subvention for farmers pursuing animal husbandry and fisheries through Kisaan credit cards.
  • A separate Department for fisheries would be created.
  • Farmers adversely affected by natural calamities would get 2% interest subvention and additional 3% interest subvention upon timely repayment.
  • Budget announced setting up of Rashtriya Kamdhenu Aayog to upscale sustainable genetic upgradation of cow resources and to enhance production and productivity of cows.
  • The Rashtriya Kamdhenu Aayog would also be responsible for effective implementation of laws and welfare schemes for cows.