The Union Finance Minister Arun Jaitley while presenting his maiden budget announces to establish a â€śNational Adaptation Fundâ€ť for climate change. As an initial sum, an amount of Rs 100 crore will be transferred to the Fund. Climate changes is a reality which all of us have to face together, says the Finance Minister. Agriculture as an activity is most prone to the vagaries of climate change he added.
The Finance Minister also announced a sum of Rs. 500 crore for establishing a â€śPrice Stabilization Fundâ€ť to mitigate price volatility in the agriculture produce which create uncertainties and hardship for the farmers.
The Finance Minister said that the farmers and consumersâ€™ interest will be served by increasing competition and integrating markets across the country. To accelerate setting-up of a National Market, the Central Government will work closely with the State Governments to re-orient their respective APMC Acts., to provide for establishment of private market yards/private markets. The State Governments will also be encouraged to develop Farmersâ€™ Markets in town areas to enable the farmers to sell their produce directly.
- Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
- Now Save Rs.3150 on your Demat Account ...Click here
- Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
- Get the most detailed result analysis on the web - Real Fast!
- Actionable & Award-Winning Research on 500 Listed Indian Companies.