Govt proposes 10% hike in farm loan target for FY22; announces agri infra development cess

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Govt proposes 10% hike in farm loan target for FY22; announces agri infra development cess
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The minister also proposed higher allocation for Rural Infrastructure Development Fund and Micro Irrigation Fund, and extended Agriculture Infrastructure Fund to APMCs for augmenting infrastructure facilities.

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The payment made to farmers on pulses procurement has increased to Rs 10,530 crore in 2020-21, more than 40 times higher from Rs 236 crore in 2013-14, while payment to cotton growers has increased to Rs 25,974 crore till January 27 this year from Rs 90 crore in 2013-14.

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