Question: Budget outlay of the agriculture sector in India has been enhanced by how much percent for the period 2014-2019?
(a)5%
(b)8%
(c)5%
(d)5%
Answer: (c)
Related facts:
- According to Union Minister of Agriculture & Farmers’ Welfare, Shri Radha Mohan Singh, budget outlay of the agriculture sector has been enhanced by 74.5% to Rs 2,11,694 crore during 2014-2019 as compared to Rs 1,21,082 crore during 2009-2014.He notified this on the occasion of inauguration of Krishi Kumbh by, at Lucknow.
- To ensure higher gains for farmers, Government is implementing various schemes. Paramparagat Krishi Vikas Yojana (PKVY) is being implemented with a view to promote organic farming in the country, it will improve soil health and organic matter content, and by receiving premium prices, net income of farmer will also increase. Realizing the possibility of organic farming in the northeast, Mission Organic Value Chain Development for North Eastern Region (MOVCD-NER) has been initiated.
- The Soil Health Card (SHC) ensures judicious use of fertilizer application thus saving money for farmers. Neem-coated urea is being promoted as it enhances availability of nitrogen to the crop and reduces cost of fertilizer application.
- The Gramin Agricultural Markets (GrAMs), electronically linked to e-NAM portal and exempted from regulations of Agriculture Produce Marketing Committees (APMCs), provides farmers facility to make direct sale to consumers and bulk purchasers. Giving further boost to farmers’ income, the government also increased MSP of all Kharif and Rabi crops for 2018-19 season by at least 150% of the cost of production.
- Pradhan Mantri Fasal Bima Yojana (PMFBY) & Restructured Weather Based Crop Insurance Scheme (RWCIS) provide insurance cover at all stages of the crop cycle including post-harvest risks to farmers at very low rates of premium.
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