Media Monitor
Budget
Food processing & agricultural sector: Budget 2022 expectationsedit
Indiablooms – Online
As per NSO estimates, the gross value added (GVA) percentile of agriculture has accelerated from 17.6 percent in (2018-19) to 20.2 percent in 2020-21. Recently, the Centre announced production linked incentive (PLI) scheme with an outlay of Rs 10,900 crores applicable to (RTE/ RTC foods, fruits, and vegetables, marine products, mozzarella cheese) that is expected to enhance processing levels, said the Ministry of Food Processing Industries (MOFPI). On the other hand, unsettling situations caused by technology and the requirement for sustainable agriculture are a few areas that the Government needs to lend a helping hand, according to media reports. The key budget expectations are: Increase in finances allocated towards R&D As per the Economic Survey, India’s ...
Govt. Policies
Centre to fund drone purchase by FPOs, farm R&D bodies, even individualsedit
Business Standard – Online
To promote the use of drones in agriculture, the Centre has, perhaps for the first time, decided to provide funding support to farmer-producer organisations (FPOs), krishi vigyan kendras, custom hiring centres (CHCs), and individuals for purchasing them. According to the latest guidelines issued by the Sub-Mission on Agriculture Mechanisation, for buying drones, the Central government will provide 100 per cent funding support of up to Rs 10 lakh to agriculture training institutes and krishi vigyan kendras, and 75 per cent funding support for drones purchased by FPOs. That apart, the Centre will provide financial support of up to Rs 6,000 per hectare to agencies that buy or hire drones for demonstration. In addition to research ...