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Home » Farm loans increased by two and half times in 7 years
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Farm loans increased by two and half times in 7 years

Editor's Desk, Tattva NewsBy Editor's Desk, Tattva NewsFebruary 25, 2022Updated:February 25, 2022No Comments3 Mins Read
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Prime Minister Narendra Modi said that in just 6 years agriculture budget has been increased manifold and Agriculture loans for farmers were also increased by two and half times in the last 7 years.

Addressing a webinar on positive impact of Union Budget 2022 in Agriculture sector, referring that  the third anniversary of the launch of PM Kisan Samman Nidhi,e said that this scheme has become a strong support for the small farmers of the country.

Under the scheme, almost 1.75 lakh crore rupees have been given to 11 crore farmers, he said.  He pointed out that during the difficult period of the pandemic, 3 crore farmers were given Kisan Credit Cards (KCC) as part of the special drive and the facility of KCC was extended to farmers engaged in Animal Husbandry and Fisheries. Micro irrigation network has also been strengthened to great benefit of the small farmers, he said.

Due to these efforts, he said, farmers are giving record production and new records have been created in MSP purchases too. Due to encouragement to organic farming, said the Prime Minister, market for organic products has reached 11000 crore, with export rising to more than 7000 crore rupees from 2000 crore rupees 6 years ago.

The Prime Minister elaborated on the seven ways in which the Budget proposes to make agriculture modern and smart. Firstly, The target is to undertake natural farming on mission mode within 5 kms on both the banks of the Ganges. Secondly, Modern technology in agriculture and horticulture will be made available to the farmers.

Thirdly, Emphasis has been laid on strengthening Mission Oil Palm to reduce the import of edible oil. Fourthly, new logistics arrangements will be made through PM Gati-Shakti plan for the transportation of agricultural products. Fifth solution in the Budget is better organization of agri-waste management and increasing farmers’ income through waste to energy solutions.

Sixthly, more than 1.5 lakh post offices will provide services like regular banking so that farmers are not troubled. Seventh, Agri research and education syllabus will be changed as per demands of modern times with regard to skill development and human resource development.

The Prime Minister noted year 2023 being recognized as International Year of Millets and called upon the corporate world to come forward in branding and promoting Indian millets. He also asked major Indian missions abroad to organize seminars and other promotional activities to popularize the quality and benefits of Indian millets.

Emphasizing innovations in the irrigation field, the Prime Minister underlined government’s focus on ‘per drop, more crop’. He said there are many possibilities for the corporate world in this too. He also mentioned the transformation that will be brought about by the Ken- Betwa link Pariyojana in Bundelkhand region. Shri Modi also reiterated the need to quickly complete the pending irrigation projects.

He stressed that Artificial intelligence is going to completely change the trend related to agriculture and farming in the 21st century. Increasing use of drones in farming is part of this change. “Drone technology will be available on a scale only when we promote agri-startups. In the last 3-4 years, more than 700 Agri Startups have been created in the country”, he added.

agriculture farm loans Narendra Modi PM Kisan Union Budget
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