Budget 2019 measures would increase farmer’s income

In budget 2019, Finance Minister Piyush Goyal announced 2 percent interest subvention for farmers engaged in animal husbandry and fisheries who take a loan through the Kisan Credit Card scheme. Further, if they are repaying the loan on time, they will get an additional 3 percent interest subvention.

Budget 2019 measures would increase farmers' income

Budget 2019 measures would increase farmers’ income

RS Sodhi, managing director, Gujarat Cooperative Milk Marketing Federation Ltd. (Amul), “The increased outlay for Rashtriya Gokul Mission to Rs 750 crore will give a further push to milk productivity and production in the country. We expect milk production, which is currently at 176 million tonnes, to grow 6.5% in 2019-20.”

Rahul Kumar, CEO of Lactalis India welcomed the proposal for setting up of a Rashtriya Kamdhenu Aayog for sustainable and enhanced productivity of cows. He said, “India has 150 million indigenous cows with extremely low productivity. The setting up of a Rashtriya Kamdhenu Aayog will boost milk productivity of indigenous cows.”

Harsh Kumar Bhanwala, chairman, National Bank for Agriculture and Rural Development, “A large number of farmers, especially women working in dairy and fisheries, would be able to benefit from the proposed 2 percent interest subvention for loans taken through the Kisan Credit Card scheme which was earlier applicable only to crop loans.”

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