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India Budget 2020: FM says govt sets agricultural credit target at Rs 15 lakh cr for FY21

economy | Feb 1, 2020 11:58 AM IST

India Budget 2020: FM says govt sets agricultural credit target at Rs 15 lakh cr for FY21

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The government will also promote one horticulture crop in one district on cluster basis, she said, adding that horticulture with 311 MT exceeded production of food grains.

The government has pegged the agricultural credit target at Rs 15 lakh crore for fiscal 2020-21, Finance Minister Nirmala Sitharaman said on Saturday.

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In her second Budget presentation, the Finance Minister also said Nabard refinance scheme will be expanded.
"India has an estimated capacity of 162 million metric tonne of agri-warehousing, cold storage and so on," she said.
"NABARD will undertake an exercise to map and geo-tag them. In addition, we propose creating warehousing in line with warehouse development and regulate the authority WDRA norms. Our government will provide viability gap funding for setting up such efficient warehouses in the block or Taluk level," she added.
She further said Indian Railways will set up Kisan Rail in public–private partnership (PPP) mode for cold supply chain to transport perishable goods.
Also, Krishi Udaan will be launched by Civil Aviation Ministry to transport agri-products to national as well international destinations.
The government will also promote one horticulture crop in one district on cluster basis, she said, adding that horticulture with 311 MT exceeded production of food grains.
She also said the government will take steps for conservation of marine fishery, and self help groups will be allowed to set up village agri-storage facilities.
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