Moment of the week – Budget 2018: Kisan Credit Card to dairy, fisheries.


The Budget has given a big boost to rural economic activities apart from agriculture with major initiatives for dairies, food processing, horticulture, aquaculture and animal husbandry, which the government hopes will contribute to its plan to double farmer income by 2022. The dairy industry expects better cash flows, while it expects farmers in the sector to gain from Kisan Credit Cards. “Kisan Credit Card to dairy farmers and fisheries will facilitate farmers to have better cash flow and improve credibility thus improving on business growth,” said Neeraj Kumar, managing director at DeLaval, a Swedish MNC.

RS Sodhi, MD at Amul, agreed. “By extending the Kisan Credit Card to dairy and fisheries, the Budget has treated milk as an agricultural crop. Dairy farmers are usually landless and the extension of KCC will help improve their credit worthiness.” The agriculture-based industry has hailed various steps announced for farmer producer organisations (FPOs). “Having strong FPOs will make it easy for the input companies to sell their products to farmers. It will also facilitate the food processing companies to buy what the FPOs produce,” said Ani l Jain, managing director at Jain Irrigation.

Seafood exporters welcomed the Rs 10,000 crore fund announced for fisheries and aquaculture infrastructure. “In under developed states like Odisha, the aquaculture farms are located in remote locations. The fund can help develop proper roads and provide electricity to farmers, which will help take the produce to market quickly,” said Tara Ranjan Patnaik, MD at Falcon Marine Exports.

Source : The Economic Times

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