Good for agriculture, allied sectors
01 February 2018
Balram Singh Yadav, managing director, Godrej Agrovet
The finance minister has presented a good budget for agriculture and related sectors. The government has tried to address both short-term and long-term issues of Indian agriculture.
The formula for MSP of Kharif crops i.e 1.5 times the cost of production will immediately give relief to farmers reeling under low commodity prices.
Development of optimal farm price realisation through initiatives like eNam or other forms of Price Deficit Scheme through NITI Aayog and focus & support to the food processing sector will make agriculture sustainable in the long run.
Animal Husbandry is good for doubling farmer income. Allocation of Rs.10,000 crore fund for animal husbandry & fisheries, along with access to Kisan Credit Cards for animal husbandry farmers will provide much-needed impetus to these sectors and will create jobs in the hinterland.
Overall, we strongly believe that all initiatives envisaged in the budget proposal, if implemented well, will accelerate agricultural contribution to the GDP growth.