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Budget 2020-21: Committed To Doubling Farmers' Income By 2022: FM

Under Aspirational India programme, the first point is agriculture, irrigation and rural development. We are committed to doubling farmers' income by 2022.

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As part of the Budget speech, finance minister Sitharaman said her government was determined to double the farmer's income by 2022. She announced that the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) will be expanded to provide 20 lakh farmers in setting up standalone solar pumps. She said comprehensive measures are being proposed for 100 water-stressed districts.

"Under Aspirational India programme, the first point is agriculture, irrigation and rural development. We are committed to doubling farmers' income by 2022," Sitharaman said.

Kisan Rail to ferry perishable goods of farmers

The finance minister said the Indian Railways will set up a Kisan Rail through PPP to ferry perishable goods faster; they will have refrigerated coaches... "Krishi Udan will also be launched on domestic and international routes," the Finance Minister said. "Horticulture exceeds the production of food grains. We propose to support states for at least one product in every district," she added.

The finance minister has proposed raising fish production to 200 lakh tons. "We will provide 20 lakh farmers with facilities for standalone solar pumps; 15 lakh farmers will get solar grid-connected pump sets. Barren land can be used to set up solar plants," the Finance Minister said.

FM said the government will move to discourage use of chemical fertilisers. "Our government shall encourage balanced use of all kinds of fertilisers including traditional organic variety to discourage use of chemical fertilisers," Sitharaman said.

On farmers' income

Outlining the way her budget was structured, the finance minister said there were three guiding principle of the Budget: "We recognise the need to energise Indian entrepreneurship spirit. The three guiding factors of this Budget are aspirational India, economic development for all and ours should be a caring society," Sitharaman said.

Presenting her second budget, the finance minister informed the Parliament that India had raised 271 million people out of poverty between 2015 and 2016. "The milestones achieved are unprecedented and globally recognised. A household saves an average of 4 per cent annually because of GST... The dreaded Inspector Raj has also vanished," Sitharaman said.

Paying tribute to late Arun Jaitley, the former finance minister who passed away last year, Sitharaman said: "I pay homage to the visionary leader late Shri Arun Jaitley... The fundamentals of the economy are strong, and that has ensured macroeconomic stability. Inflation is under control."

More hospitals for Ayushman Bharat scheme

The finance minister said more hospitals will be set up in PPP (public-private partnership) mode for better treatment under Ayushman Bharat (health insurance) scheme. And more hospitals will be empanelled. "TB harega, desh jitega (tuberculosis will lose, the country will win," Sitharaman said.

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