Budget Measures and Impact: Price Stabilisation, Farmer loans...

Jul 11 2014, 13:07 IST
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SummaryUnion Budget 2014-15 was presented by Finance Minister Arun Jaitley in the Lok Sabha in New Delhi on Thursday.

Union Budget 2014-15 was presented by Finance Minister Arun Jaitley in the Lok Sabha in New Delhi on Thursday.

Here are the top measures and their impact:

* Rs 5,000-cr Warehouse Infrastructure Fund

Longer shelf life for produce will cut losses from lack of storage facilities

* Rs 1,000-cr PMKSY

Creation of irrigation facilities for rain-fed farmers will reduce dependence

on monsoon

* Rs 500-cr Price Stabilisation Fund

volatility in prices of commodities such as vegetables will come down

* Continuation of Interest Subvention

Farmers who make timely repayments against short-term loans will continue to get credit at 4%

* Banksí credit target hiked to Rs 8 lakh cr

Quantum of credit flow to farmers will increase

* Rs 5,000-cr Long Term Rural Credit Fund

Long-term agricultural credit to get a boost, leading to infastructural asset creation

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