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LATEST NEWS UPDATES | Farmers are not happy with the Union Budget of 2017 -Jayashree Bhosale

Farmers are not happy with the Union Budget of 2017 -Jayashree Bhosale

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published Published on Feb 2, 2017   modified Modified on Feb 2, 2017
-The Economic Times

PUNE:
Farmers are highly disappointed with Budget 2017 alleging that the Prime Minister has not done enough to fulfill his pre-election promises made to the farming community.

The announcement of increasing farm credit to 10 lakh crore may not help much the small and marginalised farmers, who are outside the banking network.

"About 60% of the farmers are outside the banking system. They depend upon the informal sector for loans. Unless the definition of priority sector lending is changed, it will not help the small and marginal farmers, the landless and the nomads," said P Chengal Reddy, secretary general, Consortium of Indian Farmers' Associations.

He added, "Farmers were promised that they will get a price of 50% above the cost of production, we were promised that the MGNREGA will be linked with farming. The budget has not done anything to fulfill these promises."

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The Economic Times, 1 February, 2017, http://economictimes.indiatimes.com/news/economy/agriculture/farmers-are-not-happy-with-the-union-budget-of-2017/articleshow/56909386.cms


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