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Union Budget : Rural poor, farmers' progress top priority
Union Budget : Rural poor, farmers’ progress top priority
New Delhi: Amid the coronavirus pandemic when the pace of manufacturing and services sector came to a grinding halt, agriculture and allied sectors in...
New Delhi: Amid the coronavirus pandemic when the pace of manufacturing and services sector came to a grinding halt, agriculture and allied sectors in India have picked up pace as the country saw the strength of the farm sector.
The Union government also took care of a large population of the country related to agriculture and farming and enacted new laws to intensify the winds of improvement in the agricultural sector.
The Budget 2021-22 is going to be presented in Parliament on Monday, amid wrangling over agricultural reform.
In such a situation, it is expected that the Modi government, which claims to give priority to the progress of villages, the poor and farmers, will also give priority to agriculture and rural development in the upcoming Budget.
According to the Economic Review 2020-21, while the industry and services sectors are projected to fall by 9.6 per cent and 8.8 per cent, respectively, in the current financial year, the growth rate of agriculture and allied sectors can remain at 3.4 per cent.
The agriculture and allied sectors recorded a growth rate of 3.4 per cent at constant prices during FY 2020-21 (first advance estimate). The Modi government's priority has been to double the income of farmers by 2022 and to develop basic facilities in villages including 'pucca' houses for all the poor in the country.
Therefore, with a view to achieving these goals, the budgetary allocation of major schemes of agriculture and rural development sector can be expected to increase in the upcoming Budget.
