The farmers and others who are into the agricultural sector can now rejoice as the budget 2009-10 has given more importance to them.


Agricultural Reforms - Budget 2009-10
Last Updated: 2009-07-06T14:29:02+05:30
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Farmers Have Better Benefits - Budget 2009-10
Indian Farmer
Indian Farmer
Farmers have now yet another reason for rejoicing. The union Budget presented for this fiscal year has given more priority to the issues related to farmers as well as others who belong to the agricultural sector. 
Some of these agricultural reforms put forward by the union finance minister are:-
  • Interest subvention scheme for agriculture loans to continue
  • 60% population depended on agriculture
  • Continual increase in planned allocation
  • Targeted credit flow is about Rs 325,000 crore
  • Loans up to 3 lakh will be available for the farmers at 7% per annum
  • Those who pay their loans in time will be eligible loans at 6% in future
  • Task force will be set up to look into farmer suicides in Maharashtra
  • Rajiv Gandhi Krishi Vikas Yojana funding increased by 30%
  • Fertilizer subsidy to go to farmers directly which will be based on nutrients
  • Additional allocation of Rs 1,000 crore for accelerated irrigation project
  • Central assistance for storm-water drainage project increased to Rs 500 crore from Rs 200 crore provided by the interim Budget
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