Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
powered by
VIDEOS
Agriculture

Direct income support for farmers is a good step forward, says Bill & Melinda Gates Foundation's Purvi Mehta-Bhatt

Updated : February 07, 2019 04:53 PM IST

The interim budget gave a much-needed relief to the distressed agriculture sector with a slew of relief measures being announced for the farmers.

The direct income support of Rs 6,000 for small-holder farmers in an interim or at least in the short term a good step forward, said Purvi Mehta-Bhatt, senior advisor and head of agriculture for South Asia at the Bill & Melinda Gates Foundation, in an interview with CNBC-TV18.

“The farmers are into agriculture because they are looking at agriculture as the only or a very important source of their livelihood. Therefore the thrust on income or the thrust on sectors that will bring in income which is the major shift from production and productivity in the Budget I think in an interim and long term definitely helps the farmer and they look forward to it,” she added.

Last week while presenting the interim budget, finance minister Piyush Goyal has announced a massive farm relief package. The Rs 75,000-crore PM Kisan Samman Nidhi Programme will provide Rs 6,000 to farmers owning lander under 2 hectares.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV