D👑Queen: Onto the third impact area we've a tonne of questions on agriculture and the rural sector.
⚖Advocate VV: ⬆ Well one thing is clear - this budget had tremendous focus on the rural sector and agriculture❗ In a sense, one can say that this was a pro-farmer budget.
The FM made it clear that the aim was to double⬆ the farmer's income in the next 5⃣ years👏. He announced various allocations to agriculture, farming and welfare with a total expenditure of ₹35,894 cr 💰😲 for agriculture in 2016-17🎉 . Also, dedicated irrigation in NABARD of ₹ 20,000 cr 👏
The FM announced various allocations to agriculture, farming and welfare with a total expenditure of ₹35,894 crores💰😲 for agriculture in 2016-17🎉 Dedicated irrigation in NABARD of ₹ 20,000 cr 👏 The FM 🔈 nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojna.
The outlay for the popular MGNREGA scheme ⬆ to ₹ 38,500 cr💰 The FM also said the target for agri credit would be ₹ 8.5lakh crore in 201-16 and ₹ 19,000 cr would be allocated for rural roads development👏🎉 Overall, a staggering ₹ 87,765 cr 💰 😱 was allocated for rural development as a whole