The agricultural sector has been in a slow down for a past couple of years now. To overcome this, Finance Minister N. Sitharaman through this budget tried to change this situation. The finance minister proposed a 16 point action plan in her speech while presenting the budget so as to improve the condition of the agricultural sector and to double the income of the farmers in the next two years.
This year’s union budget is woven around three prominent things.
i) Aspirational India
ii) Economic development for all
iii) Creation of a caring society
The Budget included the following points
The government plans on reviving the agricultural sector and doubling the income of farmers. The government will focus on Zero Budget farming which proposed in previous year budget by the government. As the FM announced her 16-point formula to revive agriculture, the Agri stocks shot up on stock exchanges. Sitharaman expressed hopes that these initiatives will double farmers’ income by 2022, a target set by Prime Minister Narendra Modi in his public speeches.