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Govt to double farm income by 2022: Arun Jaitley

He said the government has taken various measures to improve rural infrastructure by building roads

Press Trust of India  |  New Delhi 

Finance Minister Arun Jaitley
Finance Minister Arun Jaitley

Minister Jaitley on Saturday said the has undertaken the ambitious task of doubling farmers’ by 2022 so that farming becomes sustainable.

Observing that has a huge population dependent on for livelihood, he said, “therefore, increase in the purchasing power of this group is extremely important for us because growth of larger economy depends on economic potential and power of this group itself.” Pointing out that the community world over is vulnerable, Jaitley said countries try various methodologies for supporting the sector. “Some highly developed countries directly, by different forms of subsidies, ensure money goes into the pockets of their farmers and the countries that don’t have that level of affordability still have to struggle with the challenge that sustenance level is maintained (for farmers),” he said at an event organised by here.

“We have fairly ambitious plans in and within our limits of our affordability, we have taken up the challenge of in the first instance trying to improve upon and at the same time making sure that how do we ensure that their is enhanced,” he said.

He said the has taken various measures to improve by building roads, electrifying all villages, developing irrigation and providing regular dwellings.

Credit availability, interest subvention and are other steps in that direction, Jaitley added.

Noting that farmers face the challenge of ever-increasing cost of inputs, he said it is extremely important for every society to ensure that is made available at an affordable cost, and at the same time the farmers get their due.

Speaking on the occasion, said banks have taken various steps to increase access to credit for the farming community.

And Rural Development (Nabard) H K Bhanwala said the mission of doubling farm by 2022 will protect farmers from vagaries. PTI DP ABM

First Published: Sat, December 16 2017. 20:53 IST