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Indian Budget 2006-07 on Agriculture Sector


Union Budget of India - Agriculture Sector
India Budget 2007-08

February 28, 2006
Agriculture Sector
  • Farm credit raised to Rs 1,75,000 crore, providing relief to additional 50 lakh farmers.
  • At 7 percent interest rate farmers receive short-term credit from NABARD, with Rs 3,00,000 upper limit on principal amount.
  • The outlay for Accelerated Irrigation Benefit Programme (AIBP) has been raised by 58.22 per cent to Rs 7,120 crore for 2006-07 from Rs 4,500 crore during 2005-06.
  • Banking sector to credit-link an additional 3,85,000 Self-Help Groups (SHGs) in 2006-07.
  • NABARD to open a separate line of credit for financing farm production and investment activities.
  • The corpus of Rural Infrastructure Development Fund (RIDF) in 12 tranches to be increased to Rs 10,000 crore.
  • The programme for repair, renovation and restoration of water bodies to be implemented through pilot projects in 23 districts in 13 states. The estimated cost of the programme stands at Rs 4,481 crore.
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