16 May 2020, 08:55 am By Rohit Sindhu
FM Sitharaman Conference third Day brought new incentives for Farmers, Here is full List

FM said that The Essential Commodities Act will be modified to ensure better pricing of agricultural commodities which will provide relief to farmers by attracting more investments and making the sector competitive. Nirmala Sitharaman announced a scheme of Rs. 10,000 crores for structuring micro food enterprises.  The scheme goes with the Prime Minister's Vocal for Local with Global Outreach.

Rs. 1 lakh crore will be allocated for the advancement of agricultural infrastructure. Monetary facility of Rs. 1 lakh crore will be given to fund  Agriculture Infrastructure Projects at farm-gate and aggregation points (Primary Agricultural Cooperative Societies, Farmers Producer Organisations, Agriculture entrepreneurs.

FM Sitharaman Conference third day highlights

Apart from these , a law will come into action which will assist the farmers in marketing of their produce which will provide sufficient options  to farmers to sell their produce at attractive price, barrier-free inter-state trade, and a framework for e-trading of agriculture produce.

All the other fruits and vegetables apart from tomatoes, potatoes and onions, which are already included, will come under the ambit of Operation Green. The scheme will enable farmers to attract better prices for their produce. Rs 500 crore will be allocated for beekeeping initiatives and this will benefit 2 lakh beekeepers in the rural areas.


FM Sitharaman Conference third Day

Herbal cultivation is being promoted by providing Rs.4000 crore for the same. The government's agenda is to cover 10 lakh hectare if area under the herbal cultivation in 2 years. A fund of Rs. 15000 crore has been developed for Animal Husbandry Infrastructure Development which will ensure investment in Dairy Processing and cattle feed infrastructure.


The scheme has also covered the fishery sector as operations of Marine Capture Fisheries and Aquaculture have been relaxed to cover Inland Fisheries. In order to make up for the declining milk demand, the government will provide 2% per annum interest allowance to daily cooperatives for 2020-21 which will provide liquidity to the sector.

Should Read: Finance Minister's third Conference on 20L Crore Package