Finance Minister Nirmala Sitharaman’s Vision For The Food Sector, The Takeaways

Today in the 3rd phase of stimulus announcement by the Finance Minister Nirmala Sitharaman session has focused rely on the food industry and indicating an opportunity for the food engineers and food techno-managers to use their strengths and play their role. For the beginning of the Atma-nirbhar Bharat Abhiyan.

Finance Minister Nirmala Sitharaman
Nirmala Sitharaman

Finance Minister has announced measures for the agriculture and allied activities such as dairy, fisheries and animal husbandry as the government looks to strengthen the agriculture sector. 

Promote Agri- startups particularly in rural regions, expand micro-irrigation, treat solar energy as the third crop to augment the income of farmers and enact labour reforms to push the creation of off-farm jobs, were few of the suggestion which representatives of the agricultural and rural development sectors submitted to the Finance Minister Nirmala Sitharaman to boost investment in the agricultural sector and enhance the market.

“Indian farmers have always ensured that despite their smallholding, they will give high yields,” she said. During the lock-down, the Government had also taken some steps to help India’s dairy co-operatives and procured large amounts from milk farmers. 

Among major announcements of today, the Government has said that it will improve India’s farm infrastructure, and will take India’s turmeric, chillies, makhana and Kesar (saffron) across the seven seas. 

“The government will provide Rs 10,000 crore for food enterprises which are micro in size. This will be a cluster-based approach, with which, local value-added products can reach global markets,” Finance Minister said. 

Further, the government has introduced a TOP to TOTAL scheme to repair broken supply chains. “This scheme will have 50% subsidy on transportation from surplus to deficient markets; 50% subsidy on storage, including cold storage,” FM said.

 Agriculture provides employment to nearly 60% of India’s population and earlier in his nationwide address, PM Modi had said that Rs 20 lakh crore package will also focus on India’s farmers who continue to work despite the circumstance. 

This will not only help motivates entrepreneurs to seek new opportunities and expand the existing micro-food processing sector and the farm-gate infrastructure.

Written by,

Haroshit Tandon, Site-Admin

Student, NIFTEM

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  1. Thanks. It’s a valuable time to respond for food processing companies & related persons

  2. Nice Haroshit….it’s good news for food processing companies & related persons

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