Budget Debate: Agri-credit target increased by 11 per cent to Rs 10 lakh crore

2020-05-19 0

Aiming to double farmers’ income by 2022, the government on Wednesday increased agri-credit target by 11 per cent to Rs 10 lakh crore for next fiscal and announced two dedicated funds with a corpus of Rs 13,000 crore to promote micro irrigation and dairy processing. Government also raised budget allocation for Agriculture Ministry by 6 per cent to Rs 51,026 crore for 2017-18 from Rs 48,072 crore (revised estimate) of this fiscal.