New Delhi : The Government on Friday ruled out status of “industry” to agriculture, but said it was bestowing on the agriculture sector as many benefits as available in the manufacturing sector.
The benefits so accorded include “easy availability of credit and other inputs and infrastructure facilities for development of agriculture sector including marketing and post-harvest management. Further, Government has launched a comprehensive crop insurance scheme called ”Pradhan Mantri Fasal Bima Yojana” (PMFBY) which covers the risks and uncertainties that the farm sector is exposed to.”
Minister of State for Agriculture Parshottam Rupala disclosed this in a written reply to Dr Pradeep Kumar Balmuchu in the Rajya Sabha.
He said agriculture plays a vital role in the country”s economy and therefore the government has substantially raised the budget allocation for it from Rs 35,983.69 crore during 2016-17 to Rs 52,655 crore during 2017-18. In reply to another question by Kiranmay Nanda, the minister denied the that the insurance companies took large amount as premium for crop insurance but they hardly settled any claims so far.