Budget 2017: How the agriculture sector will benefit

1. The total allocation for rural, agricultural and allied sectors for 2017-18 is Rs 187223 crore, which is 24% higher than last year's

2. The government is committed to double farmers' incomes in 5 years

3. The target for agriculture credit is fixed at Rs 10 lakh crore

4. Target for agricultural credit in 2017-18 fixed at Rs 10 lakh per person,

Finance Minister

says

5. The

Cabinet

has approved extension of tenure of loans under Credit Linked Subsidy Scheme of the Pradhan Mantri Awas Yojana from 15 to 20 years


6. The government will issue soil health cards and will setup a mini lab in

Krishi Vigyan Kendras

Fasal Bima Yojana will be increased to 40 percent from 30 percent

7. A dedicated micro-irrigation fund will be set up by NABARD to achieve the goal of 'Per Drop More Crop'. Its initial corpus will be Rs 5000 crore

8. Dairy processing infrastructure fund will be set up under NABARD, with fund of 8,000 crore