Budget may hike farm funds by 30%, raise subsidy: Sources

New Delhi: Continuing its focus on the stressed agriculture sector in the upcoming full Budget in July, the Finance Ministry is likely to increase allocation by a minimum 30 per cent over the interim Budget figures, as well as announce a flagship farmers’ scheme, official sources said on Friday. Sources privy to the budget preparations […]

Farm-fund

New Delhi: Continuing its focus on the stressed agriculture sector in the upcoming full Budget in July, the Finance Ministry is likely to increase allocation by a minimum 30 per cent over the interim Budget figures, as well as announce a flagship farmers' scheme, official sources said on Friday.

Sources privy to the budget preparations said, that it may offer more support to some of the existing farmer support schemes, including for minimum support price (MSP), interest rate subvention and higher fertiliser subsidy.