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Agriculture Ministry Released Rs.16,094 crore in Q1 FY 17-18

According to the Ministry of Agriculture, expenditure in the sector has gone up considerably and Agriculture Budget was increased 39 % for 2017-18 

 

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The Ministry of Agriculture and Farmers Welfare claimed that the government is continuously striving for holistic development of Indian Agriculture and its backbone - farmers. The government spending in the sector has gone up considerably. 

In a statement issued in New Delhi, the Ministry said that to achieve the goal of doubling of farmers’ income by 2022, the Ministry’s budget of Rs. 62125.02 crore during 2017-18 has increased by about 39 percent as against Rs. 44721.84 crore during 2016-17.

In the first quarter upto June, 2017 (Q1, FY 17-18), Rs.16094.13 crore has been released as against Rs.10498.90 crore during the quarter ending June, 2016. This works out to 53% increase in the amount released, it said.

According to the Ministry, the Pradhan Mantri Fasal Bima Yojna (PMFBY) saw a jump of 60 percent in its expenditure. In the first quarter of FY 17-18, the Ministry spent Rs 4664.88 crore as against Rs 2,899.59 crore during the corresponding period last year. 

Likewise, Rashtriya Krishi Vikas Yojna (RKVY), another centrally sponsored scheme, witnessed 50 percent hike in expenditure. In the first quarter, expenditure touched Rs 967.89 crore while it was Rs 644.16 crore last year. 

Other schemes such as Green Revolution- Krishonnati Yojana (MIDH), National Food Security Mission, Agriculture Mechanisation, Rashtriya Gokul Mission, National Dairy Plan Phase-I, National Programme for Dairy Development and Blue Revolution also registered considerable increase in expenditure during the first quarter of the current fiscal year.

The Ministry of Agriculture and Farmers Welfare claimed that the government is continuously striving for holistic development of Indian Agriculture and its backbone - farmers. The government spending in the sector has gone up considerably. 

In a statement issued in New Delhi, the Ministry said that to achieve the goal of doubling of farmers’ income by 2022, the Ministry’s budget of Rs. 62125.02 crore during 2017-18 has increased by about 39 percent as against Rs. 44721.84 crore during 2016-17.

In the first quarter upto June, 2017 (Q1, FY 17-18), Rs.16094.13 crore has been released as against Rs.10498.90 crore during the quarter ending June, 2016. This works out to 53% increase in the amount released, it said.

According to the Ministry, the Pradhan Mantri Fasal Bima Yojna (PMFBY) saw a jump of 60 percent in its expenditure. In the first quarter of FY 17-18, the Ministry spent Rs 4664.88 crore as against Rs 2,899.59 crore during the corresponding period last year. 

Likewise, Rashtriya Krishi Vikas Yojna (RKVY), another centrally sponsored scheme, witnessed 50 percent hike in expenditure. In the first quarter, expenditure touched Rs 967.89 crore while it was Rs 644.16 crore last year. 

Other schemes such as Green Revolution- Krishonnati Yojana (MIDH), National Food Security Mission, Agriculture Mechanisation, Rashtriya Gokul Mission, National Dairy Plan Phase-I, National Programme for Dairy Development and Blue Revolution also registered considerable increase in expenditure during the first quarter of the current fiscal year.

Sl.No.

Name of Scheme

Expenditure upto June 2016-17 ( in Cr)

Expenditure upto June 2017-18 (in Cr)

% increase

1

Pradhan Mantri Fasal Bima Yojana

2899.59

4664.88

60

2

RKVY

644.16

967.89

50

3

Green Revolution- Krishonnati Yojana (MIDH)

449.64

851.29

90

4

NFSM

222.93

333.57

50

5

Agriculture Mechanisation

114.81

416.27

262

6

Rashtriya Gokul Mission

0.00

36.00

3600

7

National Dairy Plan Phase-I

100.00

200.00

100

8

National Programme for Dairy Development

6.95

89.01

1180

9

Blue Revolution

16.91

100.64

495

 


 

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