Budget: National Adaptation Fund to be established for climate change
As an initial sum, an amount of Rs 100 crore will be transferred to the fund.
"Climate changes is a reality which all of us have to face together," says the Finance Minister.
"Agriculture as an activity is most prone to the vagaries of climate change," he added.
The Finance Minister also announced a sum of Rs 500 crore for establishing a “Price Stabilization Fund” to mitigate price volatility in the agriculture produce which create uncertainties and hardship for the farmers.
The Finance Minister said that the farmers and consumers’ interest will be served by increasing competition and integrating markets across the country.
To accelerate setting-up of a National Market, the Centre will work closely with the state governments to re-orient their respective APMC Acts., to provide for establishment of private market yards/private markets.
The state governments will also be encouraged to develop Farmers’ Markets in town areas to enable the farmers to sell their produce directly.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
