Download - Union budget 2012 2013 ppt
Presentation on Union Budget 2012-
2013:Impact on
Agricultural sector
Presented By:
Kunal Nilesh Asmita Baz Gulam Ahmed
Rasul Arkopaul Maity Avinandan Nath Tanumoy Saha Tanmoy Roy
AGRICULTURE SECTOR Agriculture – Backbone Of Indian Economy.
The Government is giving highest priority to agriculture and allied sector.
The sector provided employment to 55 per cent of the work force.
The total geographical area of India is 328.7 million hectares of which 140.3 million hectares is net sown area, while 193.7 million hectares is the gross cropped area
UNION BUDGET 2011-
2012 FOR AGRICULTURAL SECTOR
The total expenditure in 2011-12 will be 12.58 trillion rupees.The total plan outlay for agriculture & allied sector is to be increased by 19.79% to Rs 147.44 bn. The target agricultural credit is proposed to be raised to Rs 4,750 bn in FY12 from Rs 3,750 bn in FY11.
Union Budget 2012-2013 for Agricultural Sector
HIGHLIGHTS
2012-2013 budget infusing investment in agriculture infrastructure including warehousing, terminal markets, testing lab.
Boost to private investment in irrigation
Steps taken to empower farmers Green Revolution to Eastern India Subsidy on Fertilizers to be
continued
Agriculture Analysis
Agriculture credit target raised to 5.75lakh crores.
Supply management will improve in long run
Addressing the issue of distress sales by small & marginal farmer
Hike in outlay of Warehousing Increase in outlay on agriculture by18% Kisan Credit Card (KCC) is an effective
instrument for making agricultural credit available to the farmers
Budget 2012 gives boost to private investment in irrigation Promoting private investment in
irrigation sector Increase the provision by 27% for
micro irrigation FM should invest more money to
improve efficiency of existing irrigation project.
Structural changes in Accelerated Irrigation Benefit Programme (AIBP) are being made
Steps taken to empower farmers
Subsidy payment of fertilizers to farmers through retailers
Headed by Nandan Nilekani on IT strategy for direct transfer of subsidy
Mobile based Fertiliser Management System(mFMS)
Retailer will be transferred subsidy only on sale
Bringing Green Revolution to Eastern India
Significant increase in production and productivity of paddy.
Use of same technology & agriculture practices may spell disaster for entire region
Popularization of chemical would destroy the soil ecology.
Comparison Between 2011-2012 & 2012-2013
ANALYSIS 2011-2012(Rs)
2012-2012(Rs)
Fertilizer Subsidy 500bn 900bn
RKVY 7860crore 9217crore
BGREI 400crore 1000crore
Agriculture Outlay 17123crore 20208crore
Conclusion
Keeping MSP(Minimum Support Price)Low
Agriculture equipments cheaper due to this fiscal
Boost up for green plants in fertilizers
Country self-sufficient in Urea production in next 5yrs
Encourage phosphate based fertilizers
THANK YOU