Budget disappointing as no provision of MSP guarantee, say farmer leaders

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Budget disappointing as no provision of MSP guarantee, say farmer leaders - Business Standard

Quick Summary:

Sitharaman announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs 3 lakh, which will impact 7.7 crore farmers, fishermen and dairy farmers.

Farmer leader Abhimanyu Kohar said raising the credit card loan limit will increase the debt burden further on farmers.

Punjab farmer leaders on Saturday said the Union Budget was "disappointing" for the farming community as it did not give a legal guarantee on minimum support price for crops.