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Budget 2021-22: Govt Should Provide Additional Funds, Incentives For Agri Sector, Say Experts
Consulting firm Deloitte India suggested that more funds should be allocated for research and development as well as for increasing the domestic production of oilseeds to reduce imports of cooking oils.
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The government should provide additional funds as well as incentives in the upcoming Budget to promote indigenous farm research, oilseeds production, food processing and organic farming for the overall growth of the agriculture sector, according to industry experts.
The direct benefit transfer (DBT) scheme should be utilised more to support farmers instead of giving subsidies, they added.
Budget 2021-22: Govt should provide additional funds, incentives for agriculture sector, say experts Food processing industry has played an important role in better price realisation for the farmer and reducing the cost of intermediaries. The budget must provide special incentives to food processing through incentives such as interest subvention, lower taxes, access to technology and so on,” DCM Shriram Chairman and Senior MD Ajay Shriram said. PTI January 12, 2021 / 12:19 PM IST
The government should provide additional funds as well as incentives in the upcoming Budget to promote indigenous farm research, oilseeds production, food processing and organic farming for the overall growth of the agriculture sector, according to industry experts.
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Budget 2021: Govt should provide additional funds, incentives for agri sector, say experts
The government should provide additional funds as well as incentives in the upcoming Budget to promote indigenous farm research, oilseeds production, food processing and organic farming for the overall growth of the agriculture sector, according to industry experts.
The direct benefit transfer (DBT) scheme should be utilised more to support farmers instead of giving subsidies, they added. Food processing industry has played an important role in better price realisation for the farmer and reducing the cost of intermediaries. The budget must provide special incentives to food processing through incentives such as interest subvention, lower taxes, access to technology and so on, DCM Shriram Chairman and Senior MD Ajay Shriram said.