Mumbai: The government decision to allocate Rs 75,000 crore to 12 crore farmers for a minimum assured income of Rs 6,000 per year in the interim budget will boost the rural consumption and positive for agriculture and allied sectors, according to industry experts.
The measures initiated by the government to revive the agricultural economy such as income support scheme (Kisan Samman Nidhi), higher agricultural credit and interest subvention for a longer period in case of natural disasters, will help fertilisers companies in the medium-term through higher demand, ICRA senior vice president K Ravichandran said. Representational image of onions. Reuters
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