City
Epaper

The 'pro-farmer' Budget that raises questions

By IANS | Updated: February 1, 2020 19:00 IST

The BJP terms the Union Budget "pro-farmer" in which fertiliser subsidy has gone down quite a bit. Against last year's Rs 79,998 crore, this year's estimated fertilizer subsidy is Rs 71,309 cr.

Open in App

The government claims it has kept farmers in mind by allocating Rs 2.83 lakh crore for agriculture and allied sectors, but the fine print speaks of a different story.

The 'Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan' (PM-KUSUM) will be expanded to help 20 lakh farmers in setting up standalone solar pumps, said Sitharaman. But it was not revealed how much money it will cost and where it will come from.

The Budget speech claimed to set the agricultural credit target at Rs 15 lakh crore.

"The Village Storage Scheme run by self help groups will provide holding capacity for farmers, and women in villages can regain their status as 'Dhaanya Lakshmi'," said Sitharaman. While details are given about land required for the same or areas shortlisted, the amount it will cost is not known.

The Finance Minister also announced Kisan Rail and Kisan Udan farmer-centric railway and aviation services in her Budget speech. But again, the cost that the programme will incur is not mentioned in detail.

Moreover, food subsidy and petroleum subsidies have gone up by wafer thin margin. The estimate for rural development has also just gone up by Rs 1,408 crore.

Interestingly, the Prime Minister lauded the Budget calling it "visionary" and "action packed". He said with its efforts of doubling the income of the farmer, 16 action points have been created which will work to increase employment in rural areas.

"Integrated approach to agriculture was adopted in the Budget, which along with traditional methods will increase value addition in horticulture, fisheries, animal husbandry and also increase employment," Modi said.

But Sitharaman's "pro-farmer" budget that lacks specifics on cost and the means to cover the same raises questions on the success of the Finance Minister's intent to double farmers' income.

Earlier the BJP's demanded a 'Gaon, Gareeb, Kisan Budget' in its three-hour-long pre-Budget meeting with the Finance Minister on January 9. BJP General Secretary Arun Singh, who had attended the meeting, told the media after its conclusion that it will be a "Gaon, Gareeb, Kisan" (village, poor, farmer) driven budget.

As Sitharaman read out the details, it turned out, she respected the BJP's sentiment. But with the coffers running dry, the question that begs an answer is: how can she fulfil her promises?

( With inputs from IANS )

Tags: SitharamanFinance MinisterbjpGareeb
Open in App

Related Stories

MumbaiMumbai: BJP Leader Kirit Somaiya Stages Protest in Mulund To Demand Removal of Illegal Loudspeakers From Mosques

MaharashtraMarathi vs Hindi Row: Raj Thackeray’s MNS Party Puts Out Provocative Posters and Intensifies Protest in Mumbai

MaharashtraNCP-SCP's Rohit Pawar Backs Uddhav Sena's Use of AI Balasaheb Thackeray, Says BJP Uses it for Their Leaders

NationalBihar Assembly Election 2025: Big Blow to BJP-Led NDA as RLJP Chief Pashupati Kumar Paras Exits Alliance, Vows to Contest All 243 Seat

NationalAmbedkar Jayanti 2025: Tensions Flare Within Mahayuti as Eknath Shinde and Ajit Pawar Dropped from Event Speeches

कारोबार Realted Stories

BusinessIAFD Academy: Empowering India’s Creative Future from the Heart of Thane

BusinessZomato denies reports about food delivery CEO Rakesh Ranjan's resignation

BusinessLivguard Appoints Sameer Nagpal as MD & Chief Executive Officer to Lead the Future of Energy Solutions in India

BusinessUno Digital Bank Implements pennApps Lending Factory to Redefine Its Lending Operations for the Future

BusinessDreame Technology announces Kriti Sanon as Brand Ambassador, reinforces commitment to Indian consumer