Login ID:
Partner Login
Contact Us : 7066511911

Budget 2022 : Govt may incentivize value addition of agricultural produce

18 Jan 2022 1:47 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, January 18 (Commoditiescontrol) In a bid to increase income of the farmers, the Central government is mulling a plan to boost agriculture sector through incentivizing value addition and such a plan may be announced in the upcoming budget, said a source.

It may be recalled that Prime Minister Narendra Modi had announced for doubling farmers' incomes by 2022-23 in his first term, but it has become difficult to achieve the target due to COVID-19 pandemic.

However, agriculture sector performed well during the pandemic and it gave impetus to the Indian economy to fight against COVID-19.

As per the source, the strategy of the government will be to support backward linkages to the farm which will also involve support for exports to encourage farmers establish markets for their products.

The government is also eyeing incentives over and above the ₹10,900 crore production-linked incentive (PLI) scheme for food processing to promote the creation of relevant storage and logistics infrastructure.

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Special Reports
South, Central India receive above normal rains, crops...
Central govt to launch unique ID for farmers to link wi...
Govt provides subsidy Agricultural Marketing : Tomar
Top 5 News
Week Ahead: Moong price to extend gain on consistent mi...
Week Ahead: White Pea may find support at lower levels ...
Week Ahead: Kabuli Chickpea to trade firm on festive de...
Week Ahead: Chana prices maintain firm tone on need-bas...
Week Ahead: Masoor may find support at current levels
Top 5 Market Commentary
Malaysia's Sept 1 – 25 palm oil exports rise 20.9 pct –...
Market snapshot MCX/NCDEX
Global equity/currency markets update: Sterling collaps...
Oil edge up but strong dollar caps gains
Gold slumps 2–1/2–year low as dollar stands tall
Copyright © CC Commodity Info Services LLP. All rights reserved.