GROUP 8:

SISIR | SHUBHAM | TUSHAR | UJJWAL

A Reflection of the Rural Distress in India

Farm Output in India

Agriculture GDP

Global Prices of Farm Products

MSP Hikes

Rs 87,765 crore
Total allocation for the rural sector
Rs 38,500 crore

Key Statistical
Highlights for
Budget 2016-17

The highest amount allocated to MGNREGA

Rs 35,984 crore
Allocation for agriculture and farmers welfare
Rs 36,000 crore
Allotted to the farm sector with the aim of doubling
farmers income by 2022
Rs 9 lakh crore
Agri-credit target for the next fiscal

A Budget for the Agrarian and Rural Masses?

Rs 368 crore for National
Project on Soil Health and
Fertility with greater emphasis
on Soil Health Card Scheme

28.5 lakh hectares to be

covered under the Pradhan
Mantri Krishi Sinchai Yojna

Rs 17000 crore to stalled

projects under the AIBP

Mitigation from
irrigational risks

Environmental
Sustainability

A combined Rs 412 crore for

Paramparagat Krishi Vikas
Yojna and Organic Value Chain
Development in North East
Region

Rs 12517 crore to a dedicated

long-term irrigation fund under
NABARD

Concentrated creation of farm

ponds and compost pits

Farmer Security
and Development

National level
competitions amongst
674 Krishi Vigyan
Kendras

Unified Agricultural
Marketing e-platform in
585 regulated wholesale
markets

All-time high credit

target of Rs 9 lakh crore
with Rs 15000 crore for
interest subvention

Rs 5500 crore for Prime

Minister Fasal Bima
Yojna

Online procurement system

under FCI with emphasis on
decentralized procurement
to ensure MSP benefits

A Budget for the Agrarian and Rural Masses?

Infrastructure Expansion

Rural Employment and Youth

Empowerment

Rs 27000 crore to Pradhan Mantri Gramin Sadak Yojna to improve farmto-fork linkages

Boost to MGNREGS with Rs 38500 crore and focus on water

conservation and resource management

Rs 8500 crore for 100% village electrification by May 2018 under DUGJY

Rurban clusters to expand job opportunities for the youth

300 rurban clusters under the Shyama Prasad Mukherjee Rurban Mission

Digital Literacy Mission Scheme to accelerate digital literacy

Empowerment of Local Institutions

and Decentralized Governance
Rs 2.87 lakh crore as Grant in Aid to gram
panchayats and municipalities with assistance
from Ministry of Panchayati Raj

Rs 655 crore under the Rashtriya Gram

Swaraj Abhiyaan to develop governance
capabilities among local institutions

Targeted incentives under Centrally

Sponsored Schemes for compliance with the
Swacch Bharat mission by fostering
constructive competition and self-pride

or Just another Trivial Budget?

Doubling farmers income is practically impossible without very high inflation in agricultural
products prices
No initiatives to reduce the cost of power supply and improve the quality of supply

Policies like subsidies for open defecation free villages are not easy to implement as designating
villages as open defecation free will itself pose a challenge. Instead, focusing on building and
maintaining toilets would have better implications
Subsidizing interest on farm loans may not be sufficient as most farmers still lack the money to even
repay interest in the event of crop failure

THANK YOU