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Govt working to double farmers income, provide cheap credit: Arun Jaitley

Last year, PM Modi unveiled a seven-point strategy to double the income of farmers in six years

IANS  |  New Delhi 

Arun Jaitley
Union Finance Minister Arun Jaitley

Minister said on Saturday the has been creating "instrumentalities" like providing agricultural inputs at lower cost and making cheap credit available to so as to double their

Speaking at the opening ceremony of Asia-Pacific Rural and Agricultural Credit Forum here, Jaitley said the is trying to improve infrastructure like roads, irrigation, electrification, housing and sanitation in

"... Making inputs available to the at affordable cost with some element of state subsidy, ensuring that credit is available to in large quantum and that a sizeable part of the interest is subverted by the state from its own revenues," Jaitley said at the event hosted by National Bank for Agriculture and Rural Development (Nabard).

"... In an event of a crop failure, the farmer gets the benefit of insurance which is subsidised by the state itself. These are various instrumentalities that we have been creating within the affordable limits of our budget size."

Last year, Prime Minister had unveiled a seven-point strategy to double the of farmers in six years with measures to step up irrigation, provide better quality seeds and prevent post-harvest losses.

The forum is jointly organised by and Asia-Pacific Rural and Agricultural Credit Association (APRACA), a regional association of Asia-Pacific countries that promotes cooperation, mutual exchange and expertise in the field of rural

First Published: Sat, December 16 2017. 15:39 IST