InvestorQ : What were the key highlights of the finance minister Nirmala Sitharaman’s announcements on Stimulus on Day 3?
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What were the key highlights of the finance minister Nirmala Sitharaman’s announcements on Stimulus on Day 3?

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Anamika Sodhani answered.
1 year ago
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Day 3 of the stimulus focused on improving the condition of the farmer, enhancing rural demand and arresting supply bottlenecks. Here are the highlights.

· Strict stock limits under exceptional circumstances like national calamities, famines, floods, epidemics etc to smoothen supply flows.

· New legal framework to allow farmers to engage with processors, aggregators, large retailers and exporters to ensure fair pricing and risk mitigation.

· Allocation of Rs.13,433 crore fund to ensure 100% vaccination of 53 crore livestock in India to ensure the health of cattle and the quality of output.

· Cereals, edible oils, oilseeds, pulses, onions and potatoes to be deregulated. Essential Commodities Act is to be amended for better price realisation.

· Beekeeping gets official agriculture status with fund allocation of Rs.500 crore. This will help increase in yield with better quality of crops through pollination.

· FM allocated Rs.1 trillion for strengthening farm-gate and post harvest infrastructure like cold chains and transport to reduce wastage. Private participation allowed.

· Allocation of Rs.20,000 crore for fishermen to enhance fish production by 70 lakh tonnes over 5 years.

· Concessional interest loans to dairy cooperatives. Interest subvention scheme will continue and put additional Rs.5000 crore in hands of 2 crore dairy farmers

No economic relief package can be complete or meaningful unless it begins with the farmer and that was the big focus on the third day.

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