Arun Jaitley: NDA govt policies led to improved farm output, quality of lives in rural areas
Blaming the Congress for agrarian distress, Finance Minister Arun Jaitley Tuesday said the policy of the NDA government to pump in more resources into rural areas has improved agricultural productivity and the quality of lives of the people in villages.
Blaming the Congress for agrarian distress, Finance Minister Arun Jaitley Tuesday said the policy of the NDA government to pump in more resources into rural areas has improved agricultural productivity and the quality of lives of the people in villages.
Jaitley said with the current level of investment in the next two decades, the infrastructure in rural areas will come at par with that in the cities.
The minister's remarks came in the backdrop of opposition party's allegations of ignoring rural India and agriculture sector and the last week's massive protest in the national capital by farmers across the country.
"Removing the agrarian distress and improving the quality of life in rural areas cannot be done by slogans alone. From 1971 onwards, the Congress policy was slogans and not resources," Jaitley wrote in a blog titled 'India's rural sector'.
The NDA government has pumped in resources into the rural areas, which have improved infrastructure, the quality of life of people living therein and increased agricultural productivity, he said. The policy measures have been taken to ensure remunerative prices to the farmers, the minister added.
"The past four-and-a-half years is just the beginning. If this level of investment with its annual increase is continued in the rural areas for at least the next two decades, we will be close to providing a quality of life and infrastructure in rural areas which is more urban like," Jaitley said.
Listing out sectors, he said the government has already increased expenditure in animal husbandry, dairy and fisheries, besides providing more funds for agriculture research and education.
"The Narendra Modi government assumed office on May 26, 2014. Stress in the agricultural sector was not born thereafter. It was inadequacy of the resources pumped into the agricultural sector by the
Congress that had led to both an agrarian distress and an inadequate quality of life in the rural areas.
"The NDA government planned a multi-pronged strategy to improve the quality of life in Indian villages to enlarge quantum of investment and to make the Indian farmer self-sufficient and farming remunerative rather than be only dependent on state agencies," Jaitley said.
The government, he noted, has increased expenditure on rural roads, housing and healthcare as well as launched schemes like Swachh Bharat, rural electrification, JanDhan, Ujjwala Yojana and Mudra Yojana with an aim to improve the agrarian sector.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
08:52 PM IST