Reiterating the government’s commitment towards “Sabka Saath, Sabka Vikas , Sabka Vishwas” and “Ease of Living” for people of India, the Finance Minister, in Budget 2020-21, proposed 16 action points focusing on doubling Farmers income, Horticulture sector, Food storage, Animal Husbandry and Blue economy.
- On 3rd July, 2019, Ministry of Agriculture and Farmers Welfare signed a Statement of Intent (SoI) for undertaking a pilot study with IBM India.
Why is it in News?
- The Agriculture Ministry plans to start a pilot project which would use technology to determine yield estimates at the Panchayat level this summer. This would reduce the delay of crop insurance claim settlements and increase the accuracy of compensation due to farmers.