The 2011 Union Budget defines a four-pronged strategy to promote growth in the agricultural sector.
- Agricultural Production
- Conservation farming
- Pulses and oil-seed farming
- Reduction in wastage of produce
- Retail trade to be opened up
- Construction of storage facilities by private sector with Govt support
- Credit support for farmers
- Allotment for credit flow in 2010-11: INR3,75,000 crores.
- Incentive for on-time repayment of agricultural loans increased to 2% interest from 1%
- Impetus to food processing sector
- 15 more MFPs (Mega Food Parks) will be sanctioned (in addition to 10 MFPs sanctioned in earlier budgets)
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