Finance minister Arun Jaitley in his previous budget gave priority to agriculture and rural economy, by increasing Minimum Support Price (MSP), launching operation green and thrust on rural infrastructure.
In this episode of Commodity Champions, a week away from the interim budget, we get you the budget expectations in the agriculture sector.
CNBC-TV18’s Manisha Gupta is in conversation with Atul Chaturvedi, CEO, Adani Agro and Abhishek Bansal, chairman, ABans Group, discussed what can expect from this year's budget.
Atul Chaturvedi said, “The media, the commentators and politicians have actually raised the expectation of the rural sector sky high and if the final results do not match the expectations the disappointment is going to be very heavy. One big issue which has been plaguing our agriculture sector is that investment from private sector has been practically negligible. My take would be that horticulture should be given the same kind of status as plantation and the land ceiling act should not apply to horticulture. If that happens that would actually help the food processing sector big time and this is the need of the hour.”
Abhishek Bansal said, “I think so the government would focus a lot of initiative in the agricultural sector. I think that should be the prime focus of this government before it goes into the election. If you see the NPA of our entire country is more than about Rs 10 lakh crore and NPA in the agricultural sector is about Rs 68,000 crore. So, there is a huge potential on the agricultural sector and loan waiver is not the only solution to revamp agricultural sector.