Budget PPT Group 6 (1) - 1

WELCOME TO OUR PRESENTATION ON
AGRICULTURE BUDGET SECTOR

2021-22
JVM’S MEHTA DEGREE COLLEGE
sector- 19, Airoli Navi Mumbai.
Submitted to Submitted by
The Professor, Group no.6
Mr. Sanjay Gupta Tax Project
Dept. of B.com Year : 2021-2022.
(Accounting & Finance)
TABLE OF CONTENTS
➢ INTRODUCTION
➢ DEFINATIONS OF AGRICULTURE
➢ AGRICULTURAL CREDIT
➢ OPERATION GREEN SCHEME
➢ RURAL INFRASTRUCTURE DEVELOPMENT FUND
➢ EXTENSION OF THE SVAMITVA SCHEME
➢ MINIMUM SUPPORT PRICE (MSP)
➢ AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS (AIDC)
➢ CONCLUSION
INTRODUCTION
The Ministry of Agriculture and Farmers’ Welfare has two Departments:
➢ Agriculture, Cooperation and Farmers’ Welfare, which implements

policies and programs related to crop husbandry and manages
agriculture inputs.
➢ Agricultural Research and Education, which coordinates and

promotes agricultural research and education. This note examines
the budget allocations to the two Departments of the Ministry and
their expenditure, and discusses issues in the agriculture sector.
DEFINITION OF
AGRICULAGRICULTURAL
➢ It is the process of estimating costs, returns and net profit on a farm
and involves managerial principles of input and output in relation to
the production.
➢ It is the process of preparing advance estimates of finance for plan

before putting it into effect.
AGRICULTURE CREDIT
➢ To ensure higher availability of credit for farmers, as well as

those in the animal husbandry, dairy, and fisheries sectors, the
government has increased the target for agricultural credit to
₹16.5 lakh crores in FY 2021–22 from ₹15 lakh crores in the
previous year.
OPERATION GREEN SCHEME
➢ The scheme was first introduced in the Union Budget 2018–19

to stabilize the supply and the price of tomato, onion, and
potato (TOP) crops throughout the country round the year
without the risk of price volatility. The Finance Minister has
proposed in Budget 2021–22 to extend the scheme to include 22
perishable products. This move is expected to boost the value
addition in agricultural and its allied products and their exports.
RURALINFRASTRUCTURE
DEVELOPMENT FUND
➢ The Budget 2021 proposes to increase the allocation to
the Fund from ₹30,000 crores the previous year to
₹40,000 crores this year, which will provide a boost to
rural infrastructure projects across the country.
Additionally, allocation to the Micro-Irrigation Fund (MIF),
which the NABARD had instituted to achieve the ‘per drop
more crop’ goal, has been doubled to ₹10,000 crores to
promote efficient use of water for agriculture.
EXTENSION OF THE SVAMITVA
SCHEME
➢ The “Survey of Villages and Mapping with Improvised Technology in

Village Areas (SVAMITVA) scheme” was introduced to bring
transparency in property ownership in villages. The pilot phase
covered eight states (Haryana, Karnataka, Madhya Pradesh,
Maharashtra, Rajasthan, Punjab, Uttar Pradesh, and Uttarakhand) for
the year 2020–21 and included approximately 1 lakh villages.
➢ This scheme is now being extended to cover all states and UTS
during FY 2021–22. The potential benefit it offers is that the
digitization of personal identity, agricultural land, and residential
property in rural areas through the scheme will facilitate
transparent transactions in land parcels.
➢ Non-farm related activities will also benefit from a clear title and
the removal of land supply constraints. Up till now, about 1.80
lakh property-owners in 1,241 villages have been provided cards
Minimum Support Price (MSP)
➢ Reaffirming the Government’s commitment to the welfare of the
farmers, the Finance Minister stated that the MSP regime has evolved
to ensure that it is at least 1.5 times the cost of production across all
commodities. There has also been a steady increase in the procurement
of commodities, which has resulted in substantial improvement in the
payment made to farmers.
MINIMUM SUPPORT PRICE (MSP)
➢ Reaffirming the Government’s commitment to the welfare of

the farmers, the Finance Minister stated that the MSP regime
has evolved to ensure that it is at least 1.5 times the cost of
production across all commodities. There has also been a
steady increase in the procurement of commodities, which has
resulted in substantial improvement in the payment made to
farmers.
AGRICULTURE INFRASTRUCTURE
AND DEVELOPMENT CESS (AIDC)
➢ The AIDC has been proposed on specified goods, both on the customs
side as well as on the excise side.
➢ The cess addresses the immediate need to improve agricultural
infrastructure to enable higher production and enhanced remuneration
for the farmers while also conserving and processing agricultural output
efficiently with the introduction of this Cess. The Basic Customs Duty
(BCD) rates have been reduced on certain items.
➢ Furthermore, to compensate for the imposition of the Cess on petrol
and diesel, the Basic excise duty (BED) and Special Additional
Exercise Duty (SAED) rates have also been reduced on them.
➢ The reduction of the above rates in Budget 2021 ensures that the
consumer does not bear any additional burden on most of the items.
Conclusion
➢ The agricultural sector is of vital importance for the region. It is

undergoing a process of transition to a market economy, with
substantial changes in the social, legal, structural, productive and
supply set-ups, as is the case with all other sectors of the economy.
THANK YOU

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WELCOME TO OUR PRESENTATION ON

AGRICULTURE BUDGET SECTOR

➢ OPERATION GREEN SCHEME

➢ RURAL INFRASTRUCTURE DEVELOPMENT FUND

➢ EXTENSION OF THE SVAMITVA SCHEME

➢ MINIMUM SUPPORT PRICE (MSP)

➢ AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS (AIDC)

➢ Agriculture, Cooperation and Farmers’ Welfare, which implements

➢ Agricultural Research and Education, which coordinates and

➢ It is the process of preparing advance estimates of finance for plan

➢ To ensure higher availability of credit for farmers, as well as

➢ The scheme was first introduced in the Union Budget 2018–19

➢ The “Survey of Villages and Mapping with Improvised Technology in

➢ Reaffirming the Government’s commitment to the welfare of

➢ The agricultural sector is of vital importance for the region. It is

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