What does Union Budget 2017 mean for agriculture?
While presenting Union Budget 2017 on Wednesday, Finance Minister Arun Jaitley announced funding for rural and agriculture sector will be increased by 24% to ₹1.87 lakh crore. The central government will urge states to allow farmers to sell perishables like vegetables and fruits directly to consumers. The budget also fixed farmer credit at a record high of ₹10 lakh crore.