Presentation on Union Budget 2012-

2013:Impact on

Agricultural sector

Presented By:

Kunal Nilesh Asmita Baz Gulam Ahmed

Rasul Arkopaul Maity Avinandan Nath Tanumoy Saha Tanmoy Roy

AGRICULTURE SECTOR Agriculture – Backbone Of Indian Economy.

The Government is giving highest priority to agriculture and allied sector.

The sector provided employment to 55 per cent of the work force.

The total geographical area of India is 328.7 million hectares of which 140.3 million hectares is net sown area, while 193.7 million hectares is the gross cropped area

 UNION BUDGET 2011-

2012 FOR AGRICULTURAL SECTOR

The total expenditure in 2011-12 will be 12.58 trillion rupees.The total plan outlay for agriculture & allied sector is to be increased by 19.79% to Rs 147.44 bn. The target agricultural credit is proposed to be raised to Rs 4,750 bn in FY12 from Rs 3,750 bn in FY11.

Union Budget 2012-2013 for Agricultural Sector

HIGHLIGHTS

2012-2013 budget infusing investment in agriculture infrastructure including warehousing, terminal markets, testing lab.

Boost to private investment in irrigation

Steps taken to empower farmers Green Revolution to Eastern India Subsidy on Fertilizers to be

continued

Agriculture Analysis

Agriculture credit target raised to 5.75lakh crores.

Supply management will improve in long run

Addressing the issue of distress sales by small & marginal farmer

Hike in outlay of Warehousing Increase in outlay on agriculture by18% Kisan Credit Card (KCC) is an effective

instrument for making agricultural credit available to the farmers

Budget 2012 gives boost to private investment in irrigation Promoting private investment in

irrigation sector Increase the provision by 27% for

micro irrigation FM should invest more money to

improve efficiency of existing irrigation project.

Structural changes in Accelerated Irrigation Benefit Programme (AIBP) are being made

Steps taken to empower farmers

Subsidy payment of fertilizers to farmers through retailers

Headed by Nandan Nilekani on IT strategy for direct transfer of subsidy

Mobile based Fertiliser Management System(mFMS)

Retailer will be transferred subsidy only on sale

Bringing Green Revolution to Eastern India

Significant increase in production and productivity of paddy.

Use of same technology & agriculture practices may spell disaster for entire region

Popularization of chemical would destroy the soil ecology.

Comparison Between 2011-2012 & 2012-2013

ANALYSIS 2011-2012(Rs)

2012-2012(Rs)

Fertilizer Subsidy 500bn 900bn

RKVY 7860crore 9217crore

BGREI 400crore 1000crore

Agriculture Outlay 17123crore 20208crore

Conclusion

Keeping MSP(Minimum Support Price)Low

Agriculture equipments cheaper due to this fiscal

Boost up for green plants in fertilizers

Country self-sufficient in Urea production in next 5yrs

Encourage phosphate based fertilizers

THANK YOU