Fish farmers get a low catch in this budget: Kamlesh Gupta

While agriculture got allocations of Rs 13,741 cr, fisheries & aquaculture received only Rs 401 cr

Kamlesh Gupta, CMD, WestCoast Group

Kamlesh Gupta, CMD, WestCoast Group

Kamlesh Gupta
Union Finance Minister Arun Jaitley in his budget has announced a lot of incentives and spending on agriculture, rural economy, road & rail infrastructure and poverty alleviation, which is commendable and will help in boosting rural productivity and consumption. 

Some major announcements include raising of farm credit to Rs 10 lakh crore, raising of allocation towards Fasal Bima Yojana, the commitment to double income of farmers in 5 years, setting up of Dairy Processing Infrastructure Fund and Micro-irrigation Fund under NABARD, highest ever allocation of Rs 48,000 crore for MGNREGA, all are welcome. 

However, I did not see much of incentives for fisheries or aquaculture given ‘Blue Revolution’ is the next big thing which our Prime Minister is aspiring after

First Published: Feb 02 2017 | 12:39 PM IST

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