Budget highlights on agriculture (5/15)

MSP of all kharif crops to be hiked to at least 1.5 times of their production cost.

– The institutional mechanism proposed to develop policies and practices for price and demand forecast.

Rs 2,000 crore fund for developing and upgrading agri marketing infra in 22,000 Grameen Agri Markets and 585 APMCs.

– Allocation for food processing ministry doubled from Rs 715 crore in RE FY’18 to Rs 1,400 crore in BE FY’19.

– Kisan Credit Cards extended to fisheries and animal husbandry farmers.

– Agriculture credit disbursal target increased to Rs 11 lakh crore from Rs 10 lakh crore in 2017-18.

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