Finance Minister Nirmala Sitharaman on Monday announced the much-awaited Union Budget 2021 amid the COVID-19 pandemic and announced a slew of measure to revive the sagging economy which registered a record decline last year. 

In the Union Budget 2021, Finance Minister Nirmala Sitharaman announced some reforms for the farmers of the country. Sitharaman said that Rs 75,100 crore has been allocated for the farmers of the country. The FM also announced an increase in agriculture credit target to Rs 16.5 lakh crore in FY 2021-22.

Apart from this, the government also said that procurement of produce by the government under the Minimum Support Price (MSP) will continue at a steady pace. Under this, 43.36 lakh wheat-growing farmers will be benefited from government procurement under the MSP as against 35.57 lakh previously. The total amount paid to paddy farmers has also been increased to Rs 1.72 lakh crore in 2020-21.

Source: Jagran English