High agri credit a good move

The Central government has taken up several measures to revive country’s agriculture economy in the Union Budget 2017-18 such as higher agricultural credit, higher allocation for irrigation projects, crop insurance scheme, agricultural experts said.

“Several measures initiated by the government to revive the agricultural economy such as higher agricultural credit, higher allocation for irrigation projects, crop insurance scheme and, MGNREGA scheme, besides expansion in coverage of eNAM, will help fertilisers companies in the medium term through higher demand,” rating agency ICRA’s Group Head, Corporate Sector ratings K Ravichandran said.

Rajiv Tevtiya, Managing Partner & CEO, RML AgTech said the Finance Minister has presented a great budget for agriculture with emphasis on all critical areas for an overall and coherent growth of the farmers.

With the allocation of Rs 10,000 crore to BharatNet Project and the set target of reaching nearly 1.5 lakh gram panchayats with high-speed Internet will lay the foundation of digital revolution in agriculture.

“The farmers will be encouraged to use innovative agriculture-services, which in turn will improve farm productivity and income. Access to internet will allow the farmers learn about the latest technologies available in the field of agriculture.”