Centre explains reason for lower budget estimate than FY 2021-22
2 years, 11 months ago

Centre explains reason for lower budget estimate than FY 2021-22

Op India  

The All India Kisan Sabha, the farmer wing of the CPM, which is also a part of the Samyukt Kisan Morcha that led the demonstration against the three farm laws, slammed the Union Budget, calling it anti-poor, anti-farmer, insensitive to genuine demands of farmers. In fact this is lesser than the allocation of 2.48 lakh crore…"https://t.co/8cYf3bGthN — AIKS February 2, 2022 “The Finance Minister Nirmala Sitharaman has sought to create hype that 2.37 lakh crore is set aside for procurement of paddy and wheat in 2022-23. In fact this is lesser than the allocation of 2.48 lakh crore made last year and the beneficiaries will also be drastically reduced from to 1.63 crores only while beneficiaries last year were 1.97 crore; an exclusion of 34 lakh farmers while we have been demanding expansion to all crops and widening of the reach,” the farmers’s wing of CPM alleged in its statement. The total value of MSP for paddy and wheat for FY 2020-21 was Rs 2.44 lakh crores while the total procurement of paddy and wheat was 1285 lakh tonnes. They stated that the MSP value of this procurement stands at Rs 2.37 lakh crores and close to 1.63 crore farmers would benefit from the procurement.

History of this topic

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