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February 01, 2021 Ram Kaundinya, Co-founder, ThinkAg× Ram Kaundinya, Director General, Federation of Seed Industry of India (FSII) commenting on the budget said that 2021-22 budget was “ status quo budget” for agriculture in general and the seed industry. He said that agriculture contributed significantly to the successful fight against Covid-19 but did not get the needed attention in the budget. No transformative measures have been proposed. He said, “ Investments in research in agriculture are not addressed, especially, since research and innovation is one of the six pillars of Aatma Nirbhar Bharat and there is a need to scale up private sector investments in agricultural research. There is an urgent need to step up investments in research into agri biotechnology, seed technology and modern technologies for farmers. Seed industry was expecting the restoration of 200 per cent tax deduction of research expenses, but it has not been met”. ....
Agri and food companies on Monday hailed the decision to hike farm credit target and increase allocation for the agriculture ministry in the Budget, saying this will help in boosting farmers income and overall growth of the sector. Asserting that the government is committed towards farmers welfare, Finance Minister Nirmala Sitharaman on Monday proposed 10 per cent hike in the farm loan disbursal target to Rs 16.5 lakh crore, and introduced an agri infra and development cess of up to 100 per cent to create post-harvest infrastructure for improving farmers income. The minister also proposed higher allocation for Rural Infrastructure Development Fund and Micro Irrigation Fund, and extended Agriculture Infrastructure Fund to APMCs for augmenting infrastructure facilities. ....
Updated Feb 01, 2021 | 20:51 IST Netafim India MD Randhir Chauhan welcomed the government s decision to double the allocation to the Micro Irrigation Fund (MIF) under NABARD to Rs 10,000 cr. Budget 2021: Agri cos cheer higher allocation to farm sector | Photo Credit: ANI New Delhi: Agri and food companies on Monday hailed the decision to hike farm credit target and increase allocation for the agriculture ministry in the Budget, saying this will help in boosting farmers income and overall growth of the sector. Asserting that the government is committed towards farmers welfare, Finance Minister Nirmala Sitharaman on Monday proposed 10 per cent hike in the farm loan disbursal target to Rs 16.5 lakh crore, and introduced an agri infra and development cess of up to 100 per cent to create post-harvest infrastructure for improving farmers income. ....