Finance Minister, Nirmala Sitharaman announced third leg of Covid-19 package today

The Finance Minister announced setting up of Rs 1 lakh crore agriculture infra fund for farm-gate infrastructure under the third tranche of the Rs 20 lakh crore Covid economic package as part of the “Atmanirbhar Bharat (self-reliant)” campaign announced by Prime Minister Narendra Modi. She also announced Rs 10,000-crore scheme for the formalisation of micro food enterprises. While the first tranche of measures focussed on alleviating the distress in the Micro, Small and Medium Enterprises (MSMEs) sector, the second set was aimed at migrant workers, farmers, and street vendors.

Sitharaman said the government will bring in law to implement agriculture marketing reforms to provide marketing choices to farmers; law will provide adequate choices to farmer to sell produce at attractive price. Sitharaman also announced 11 measures pertaining to agriculture and allied activities.

Eight will be related to strengthening infrastructure, logistics, storage, while three measures will be on governance administration and reforms.