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  • Wed. Nov 6th, 2024

Nirmala Sitharaman announces Rs 1.63 lakh crore stimulus for agriculture and allied sectors

Nirmala Sitharaman announces Rs 1.63 lakh crore stimulus for agriculture and allied sectors

NEW DELHI: Finance minister

Nirmala Sitharaman

on Friday announced a Rs 1.63 lakh crore package for agriculture and allied sectors aimed at strengthening infrastructure, logistics and capacity building at farm gate.

Announcing the third instalment of government’s Rs 20 lakh crore

economic package

to deal with the economic fallout of COVID-19 pandemic, Sitharaman said that the government has taken several measures in the last two months to support farmers, including minimum support price (MSP) purchases of Rs 73,300 crore.

Here are the measures announced by the finance minister:

Government has set up a Rs 1 lakh crore agriculture fund for farm-gate infrastructure. This will be utilised for se

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