On 15th May, Finance Minister Nirmala Sitharaman announced
the third installment of the Rs 20 lakh crore package.
The first and the second installment were announced on 13th and 14th May respectively.
The third installment announced on 15th May focusses on,
farm infrastructure such as tractors, irrigation pipelines, farming machinery, seeds etc.
It fund also referred to animal husbandry, fisheries, and government rules.
This was to encourage Indian businesses to help them become self-sufficient.
Let me tell you the 11 points announced by the Finance Minister:
1. One lakh crore fund for strengthening the farming infrastructure like post-harvest storage
and to improve various agriculture machineries.
The One lakh crore funds will be used to support Indian farming.
2. 10,000 crore fund has been created for micro food businesses in India, to increase and encourage local businesses.
3. The government will launch Pradhan Mantri Matsya Sampada Yojana
for the development fisheries.
Their aim is to encourage healthy production of fishes and boost sales.
Their objective is to have fish production of 70 lakh tons which is 700 crore Kg.
Due to this, in the next five years they will provide employment to 55 lakh people in the Indian fisheries.
4. Rs 13,343 crore fund for vaccination has been allocated
for livestock such as cows, sheep, buffalo, pig, etc/farm animals.
The vaccination will help to eradicate foot and mouth disease.
5. Rs 15,000 crore will be invested for improving the dairy industry.
The funds will be used to improve cattle feed, dairy equipment to make and supply various dairy products.
6. Rs 4,000 crore for growing of herbal and medicinal plants.
Ten lakh hectares of land will be used for growing medicinal and herbal plants.
Due to this, farmers will get an income of about Rs 5,000 crore.
7. Rs 500 crore allocated for beekeeping - which is the maintenance of bee colonies by humans.
This will help 2 lakh beekeepers.
8. Ministry of Food Processing Industry's project Operation Greens
strives to increase the supply of tomato, onion, and potato crops.
The government has now announced Rs 500 crore in the scheme and
said the scheme will focus on increasing the supply of all vegetables.
9. The government has proposed to amend the Essential Commodities Act
to help the farmers.
Earlier farmers did not recieve fair price for their produce.
The amendments will ensure farmers recieve a fair price and the businesses is carried out in a transparent manner.
The farmers will able to trade in oils, oilseeds, pulses, onions and potato.
10. A central law will be applied all over the country.
This will help farmers will the best price for their produce.
They will have a barrier-free inter-state trade and a framework for e-trading.
11. Earlier companies would oppress farmers and fool them in business deals.
A legal framework will be create to ensure farmers profit and do not suffer.