By Vivek K Mob: 00919820310487 E-mail: email@example.com
“Given the challenges faced at the macro-economic level, we would like to appreciate the efforts of the finance minister in delivering a pragmatic budget. With a special emphasis on agriculture sector, including a guarantee of Rs. 5000 crore given to NABARD for creation of additional warehousing facilities will be beneficial for the sector.
However, we feel that the funding would be given directly by NABARD.
The removal of service tax on testing of agricultural produce will benefit farmers in a huge way as this would help in reduction of the cost for farmers, who want to test their produce and will lead to creation on larger testing facilities for the agricultural producers.
The interest subvention for famers is yet another positive move by the finance minister as this will help the farmers raise money against authorized WDRA (Warehousing Development and Regulatory Authority) receipts.
Keeping agricultural commodities out of CTT (commodity transaction tax) will lead to an increased trading in these commodities which may lead to better price realisation for the farmers.
We are also hopeful of the impetus to the agriculture sector with the enhancement of agriculture credit to Rs. Seven lakh crore.”