• UGI USER
  • Aug 06, 2024
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UNION AGRICULTURE MINISTER SHIVRAJ SINGH CHOUHAN ANNOUNCES HORTICULTURE INVESTMENT AND OILSEEDS MISSION PLANS

Why in the news?

Union Agriculture Minister Shivraj Chouhan announced major investments in horticulture and a new oilseeds mission to boost domestic production. The move aims to enhance farm income and reduce imports.

Announcements and Initiatives:

  • Horticulture Clusters: Union Agriculture Minister Shivraj Singh Chouhan announced a ₹18,000 crore investment to set up 100 export-oriented horticulture clusters over five years.
  • Oilseeds Mission: A new ₹6,800 crore mission will be launched to increase domestic oilseeds production and reduce cooking oil imports.
  • Digital Agriculture Mission: Farmers will receive digital identities linked to land records and crop details, with a focus on developing climate-resilient crops and diversifying farming.
  • Portal Launch: Automated web portal for interest subvention claims under Agriculture Infrastructure Fund (AIF) launched by Shri Shivraj Singh Chouhan.
  • Efficiency: Expedites claim processing to one day, ensuring transparency and reducing corruption.
  • Krishi Katha: New blog site to highlight farmers’ experiences and success stories.
  • AIF Scheme: Launched in 2020 with ₹1 lakh crore funding, aims to improve post-harvest infrastructure and provide 3% interest subvention on loans up to ₹2 crore.
source:slideshare
About Krishi Katha Platform:

  • Purpose: Showcases Indian farmers’ experiences, insights, and success stories.
  • Objective: Provides an immersive space for storytelling, raising awareness, knowledge exchange, and farmer empowerment.

Key Facts about Agriculture Infrastructure Fund Scheme:

  • Launched: 2020
  • Objective: Develop post-harvest infrastructure, reduce losses, innovate agriculture, and attract investments.
  • Funding: ₹1 lakh crore through banks and financial institutions until 2025-26.
  • Benefits: 3% interest subvention for loans up to ₹2 crore, credit guarantee fee reimbursement.