Budget 2018: Arun Jaitley Starts Pre-Budget Consultations, To Focus on Agricultural Productivity

In the pre-budget consultations, Arun Jaitley said that in order to achieve the goal of doubling the farmer's income by 2022, there is need for better storage and marketing facilities for the farmers' produce

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Budget 2018: Arun Jaitley Starts Pre-Budget Consultations, To Focus on Agricultural Productivity

Arun Jaitley attended First Pre-Budget Consultative Committee Meeting on Tuesday

The Union Minister of Finance Arun Jaitley said that there is a need to conserve water, incentivize agro processing and promote balanced use of fertilizers in order to ensure higher agriculture productivity. The Finance Minister said that in order to achieve the goal of doubling the farmer's income by 2022, there is need for better storage and marketing facilities for the farmers' produce so that they get better prices for their produce. The Finance Minister, Arun Jaitley was making his Opening Remarks at his First Pre-Budget Consultative Committee Meeting with the representatives of different Agriculture Groups on Tuesday.

Along with the Union Finance Minister Jaitley, the Pre-Budget Consultative Meeting with the representatives of Agriculture Groups was also attended by both the Ministers of State for Finance Shri Radhakrishnan P and Shri Shiv Patap Shukla.

Many suggestions were received from the representatives of different Agriculture Groups. It was suggested that for decades, India has constantly pursued 'Food Policy' and Budget 2018-19 is an opportunity to shift to 'Farmers' Policy'. There is need to reduce pressure on the land by creating off-farm jobs. To ensure the delivery of remunerative prices to farmers, the 'Price Deficiency Payment Mechanism' must be implemented immediately for those crops where procurement cannot be ensured. Other suggestions included that the Centre should declare an 'Agriculture Debt Relief Package' for the entire country which is used with matching contributions from the State Governments. It was suggested to double the number of farmers receiving loans upto Rs. 2.00 lakhs at the interest rate of 1% only and link Aadhar to such loan accounts to avoid duplication and also greater emphasis on Agro Forestry for income generation.

Other suggestions included to create a small group of 5-6 experts who can monitor on monthly basis the agriculture production data of different crops and global market conditions or to do advance planning rather than the Government reacting suddenly to an adverse situation. There is also need to give more focus on dairy, fruit and vegetable items which has potential to grow 3-4 times more and thereby can help in achieving the goal of doubling of the farmers' income by 2022. It was suggested that there is need to start 'Operation Veggies' and focus should be given to TOP - Tomato, Onion and Potato as there is maximum volatility in their prices.

Another suggestion included to give more thrust to warehouses, cold storages at the local level and give boost to agro processing facilities in order to optimally manage the increased production of agriculture produce, especially of perishable items. It was also suggested to have an Integrated Transport System so that farmers can send/take their produce to the far off market places where they can get better prices of their produce and in turn, help in containing their prices. It was also suggested that on the lines of other subsidies, food and fertilizers subsidy should also be given through DBT mechanism to avoid pilferage.

It was suggested that there should be more flexibility in farmer related policies such as 'Pradhan Mantri Fasal Bima Yojana', electronic trading facilities and allow States to have their own policies as one Uniform policy cannot work in all the States. It was suggested to increase the prices of urea and decrease the price of PMK which will save money for both the farmers as well as the Government.

 

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