Rs.16094.13 crore released in the first quarter of 2017-18 for farmers’ welfare

Ministry of Agriculture & Farmers Welfare in its latest attempt for the development of Indian Agriculture and its backbone – farmers released Rs. 16094.13 in the first quarter of 2017-18. To achieve the goal of doubling of farmers’ income by 2022, the Ministry’s budget of Rs. 62125.02 crore during 2017-18 has increased by about 39% as against Rs. 44721.84 crore during 2016-17. In the first quarter upto June, 2017, Rs.16094.13 crore has been released as against Rs.10498.90 crore during the quarter ending June, 2016. This works out to 53% increase in the amount released.