Punjab Budget: Govt to waive farm loans of 1.13 lakh farmers; Rs 7,180 crore power subsidy announced

Special focus on horticulture sector; 'Kamyaab Kisan Khushaal Punjab' scheme launched

Punjab Budget: Govt to waive farm loans of 1.13 lakh farmers; Rs 7,180 crore power subsidy announced

Image only for representational purposes

Tribune News Service
Chandigarh, March 8

Punjab Finance Minister Manpreet Singh Badal on Monday presented the state budget for the financial year 2021-22 in the state assembly.

Also read: Punjab Budget: 48,989 vacancies to be filled; 6th Pay Commission to be implemented from July 1

For the agriculture sector, Badal announced the following schemes:

Govt to waive farm loans, provide power subsidy 

New umbrella programme 'Kamyaab Kisan Khushaal Punjab' launched

  • Under new scheme, a centre of excellence for vegetables to be set up at Fazilka; a post-graduate institute of horticulture research to be set up at Amritsar; mobile vending carts to be provided to farmers.
  • Under this scheme, Rs 3,780 crore to be spent in the next three years and Rs 1,104 crore allocated for 2021-22.

Agri schemes to mitigate risk of horticulture farmers, crop diversification

  • To mitigate the risk of horticulture farmers, two schemes announced for fixing a base price for horticulture crops and payment of deficiency price as compensation
  • Special emphasis on horticulture as Rs 361 crore allocated for 2021-22

29 new schemes for improving canal systems 

Rs 897 crore proposed for strengthening the canal irrigation system

Other schemes

 

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