IN PARLIAMENENT: LOK SABHA

Agri investments to be stepped up


Posted: Tuesday, May 03, 2005 at 0047 hrs IST
Updated: Tuesday, May 03, 2005 at 0047 hrs IST


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: The government has decided to step up investments in agriculture through introduction of marketing reforms for promoting public-private partnership, agriculture minister Sharad Pawar told the Lok Sabha on Monday.

Several measures such as doubling of rural credit, special programme for dry land farming, stepping up public investment in agriculture research and strengthening of rural infrastructure and irrigation have been initiated, he said.

Mr Pawar, who was making a statement on the status of implementation of recommendations contained in the first report of the Parliament standing committee on agriculture, said most of the recommendations had been accepted and action had already been initiated.

Mr Pawar said states had been given flexibility to select schemes of their needs and priorities under macro-management of agriculture scheme.

He said the contribution of state governments in this regard had been brought down to 10% as against the normal level of 25%.

To ameliorate the lot of farmers in the wake of suicide cases, Mr Pawar said several measures like issuing of standing guidelines to banks for providing relief to farmers in areas affected by natural calamities have been taken.

Share of agri to GDP dips to 20.5%

Share of agri to GDP dips to 20.5%
The contribution of agriculture, including the allied sectors of forestry, logging and fishing to gross domestic product (GDP) at 1993-94 prices was 20.5% in 2004-05 against 21.7% in 2003-04.
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