BUDGET 2018

MSP announcement to help farmers tremendously: Modi

PTI1_28_2018_000136A Prime Minister Narendra Modi | File

'It is an all-friendly budget, will add to ease of living'

Prime Minister Narendra Modi on Thursday hailed Finance Minister Arun Jaitley for presenting an all-friendly budget with a focus on agriculture, health and small businesses.

"This budget is farmer friendly, common citizen friendly, business environment friendly and development friendly. It will add to ease of living," Modi said in his first reaction after Jaitley presented the 2018-19 budget in the Lok Sabha. 

"I congratulate the Finance Minister for the decision regarding MSP. I am sure it will help farmers tremendously," he said, referring to Jaitley's announcement that the Minimum Support Price for notified kharif crops will be 1.5 times the input cost. The government also stepped up the institutional credit for the sector to Rs 11 lakh crore. 

Key highlights from Modi's speech:

The move to develop a plan for storage, processing, marketing for agricultural products created in different districts in the country is highly commendable.

Under the Prime Minister Gram Sadak Yojana, there will also be work to connect villages to rural Haat, higher education centres and hospitals.

I am pleased that while expanding the Ujjwala Yojana, its target has now been increased from 5 crore families to 8 croreFrom food processing to fibre optics, roads to shipping, youth to senior citizen, rural India to Ayushmaan Bharat, Digital India to Start Up India, this budget strengthens hopes and aspirations of crores of Indians.

From food processing to fibre optics, roads to shipping, youth to senior citizen, rural India to Ayushmaan Bharat, Digital India to Start Up India, this budget strengthens hopes and aspirations of crores of Indians. 

(With inputs from IANS)

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