Farm sector unaffected by crisis, rural economy stable: Tomar | Mint
Active Stocks
Thu Feb 29 2024 14:29:13
  1. Kotak Mahindra Bank share price
  2. 1,694.65 0.66%
  1. Axis Bank share price
  2. 1,075.50 0.08%
  1. Tata Steel share price
  2. 140.45 -0.21%
  1. Power Grid Corporation Of India share price
  2. 279.25 -0.11%
  1. ITC share price
  2. 406.80 -0.44%
Business News/ News / India/  Farm sector unaffected by crisis, rural economy stable: Tomar

Farm sector unaffected by crisis, rural economy stable: Tomar

Union minsiter Narendra Singh Tomar affirmed that rural farming sector was untouched from the severe economic crisis as farmers did the harvesting of Rabi crops and current Kharif season is going well
  • Several measures regarding income support, prices and farm produce has helped the farmers, said Tomar
  • Union Minister Narendra Singh Tomar (ANI)Premium
    Union Minister Narendra Singh Tomar (ANI)

    KOLKATA : Union Agriculture Minister Narendra Singh Tomar on Saturday said the farm sector of the country has remained largely unaffected by the economic crisis triggered by the COVID-19 pandemic.

    Speaking at a webinar organised by Merchants' Chamber of Commerce and Industry (MCCI), he said the farmers were able to do full harvesting of the rabi crops and the ongoing kharif season is progressing well.

    "The agricultural sector is largely unaffected. The rural economy remained stable and there was a bumper harvest of the rabi crops. The ongoing kharif season is progressing well," Tomar said.

    He said the government ensured that the plans and programmes drawn up for the rural sector reach the people by plugging the leakage.

    "Tomorrow, Prime Minister Narendra Modi will transfer 17,500 crore to the farmers through the press of a button using DBT (direct benefit transfer)," he said.

    The government is stressing on organic farming, which will help the farmers to get better prices of their produces and also facilitate exports, Tomar said.

    The agricultural reform measures announced by the government will also help the farmers to get remunerative prices sitting at home as they are not needed to go to the mandis to sell their produce, the minister said.

    On contract farming, he said the farmers will get the minimum support price, and will also be ensured of a buyer of their produce.

    He said the government is now preparing the guidelines for the Farmer Producer Organisations and 6,500 crore will be spent on this.

    Tomar, also the Minister for Rural Development, said the government is spending in boosting rural infrastructure such as roads.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    This story has been published from a wire agency feed without modifications to the text.

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 08 Aug 2020, 05:17 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App