New Delhi: The center will revive the corporation of the marketing of North East regional agriculture (Neramac) to help farmers in eight northeastern countries get remunerative prices of agricultural-horticulture products, promote tough and sustainable agriculture throughout India, and provide RS 14,775 Crore for additional Fertilizer subsidies as part of this financial year stimulus package.
Although the announcement on additional fertilizer subsidies was carried out on June 16, Monday’s center included as part of the 17 main steps to provide encouragement for the pandemic economy and support various parts of society.
Under allocation, additional subsidies of Rs 9,125 Crore will be intended for fertilizer DAP while Rs 5,650 Crore will be intended for additional subsidies for NPK-based complex fertilizers.
Additional allocation will increase the entire nutritional-based subsidy (NBS) from Rs 27,500 Crore to Rs 42,275 Crore at 2021-22.
Under the Agricultural Marketing Awakening Package, the Ministry of Finance announced to provide Rs 77.45 Crore to Neramac which was founded in 1982 to support farmers in the northeast.
This step aims to improve agricultural infrastructure, procurement, processing and marketing throughout the northeastern state.
The corporation has facilitated the registration of 13 geographical plant indicator (GI) in the northeast.
It has prepared a business plan to provide 10-15% higher prices to farmers by eliminating intermediary systems / agents.
There is also a proposal to establish the North East Organic Cultivation Center, facilitating equity finance to entrepreneurs.
As part of promoting sustainable agriculture, the Indian Agricultural Research Council (ICAR) will release a variety of special special characteristics (tolerant of diseases, insects, pests, droughts, salinity, and flooding and initial maturity) plants to support farmers and encourage them Choose sustainable farming.
ICAR has developed a bio-forfied plant variety that has high nutrition such as protein, iron, zinc, vitamin-a.
Twenty-one varieties of rice, peas, millet, corn, soybeans, quinoa, buckwheat, winging beans, pods and sorghum pigeons will be released soon to be used.
Previously, the focus on developing higher plant varieties had no attention to nutrition, climate resilience and other properties.
In this variety, the concentration of nutrients is important far below the level needed, and they are susceptible to biotic and abiotic pressures, causing large losses for farmers.