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Meeting considers lifting moribund farm sector
Officials say agriculture not growing to its potential; PM forms panel for reforms
ISLAMABAD:
The share of the agriculture sector in Pakistan’s Gross Domestic Product (GDP) is lesser than its actual potential and the country grows lesser quantities of wheat, rice, corn, cotton and sugarcane when compared with other countries of the region in terms of per acre yield.
However, the contribution of the agriculture sector in the GDP can be increased from the existing $49 billion to $74 billion by 2031 by adopting an effective strategy and giving financial and technical assistance to the farmers, officials told Prime Minister Imran Khan on Monday.
Modi govt allocated 438% more budget towards agriculture sector compared to UPA, says Giriraj Singh
I want to stress on the budget (allocation) for the agriculture sector. The budget allocation for agriculture was Rs 88,811 crore between 2009 and 2014, which was increased to Rs 4,87,238 crore between 2014 and 2020, registering a growth of 438 per cent, he said
PTI | February 6, 2021 | Updated 14:36 IST
Union minister Giriraj Singh on Saturday said the budgetary allocation made by the Modi government for the agriculture sector during 2014-2020 was 438 per cent more than what it was during the previous UPA rule. He also accused the Leftists and the tukde-tukde gang of defaming the Modi government s achievements in the farm sector.
Finance minister Nirmala Sitharaman increased spending on rural infrastructure development by 34% to ₹40,000 crore and doubled micro-irrigation corpus to ₹10,000 crore among other measures that could help create jobs and boost farm incomes in the hinterland .
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