Operation Green expanded for Rs 500 crore

May 16, 20204 min read

Updated: May 21, 2020

Nirmala Sitharaman press conference: Operation Green expanded for Rs 500 crore While the first tranche included measures for small businesses, the second aimed at helping migrant workers.

04:56 PM Standard mechanism for predictable pricing

Legal framework to help farmers to fix their own price
Assured price return quantity for farmers prior to sowing
To increase availability on farming technology and selling opportunities

04:52 PM Fair price for farmers

Central law to provide farmers choice to sell at attractive prices
Inter-state trade to be made barrier-free
E-trade of produce should be facilitated

04:49 PM 'TOP' to total 04:48 PM Essential Commodities Act (1955) amended

To tackle abundance of crops
Cereals, edible oils, oil seeds, potato and onion to be deregulated
No stock limit shall apply for storage

04:44 PM Operation Green

Additional Rs 500 crores for supply chains disrupted by lockdown
Includes all perishable items
50% subsidy on transport
50% subsidyon storage
Pilot for 6 months
Will be extended once pilot is cleared

04:42 PM For bee-keeping

Rs 500 crores for bee keeping initiatives to benefit 2 lakh keepers
Production of wax to be encouraged

04:40 PM Control of diseases

04:39 PM Promotion of herbal cultivation

Rs 4,000 crore to be allocated
Up to 10 lakh hectare to be brought under herbal cultivation
To generate Rs 5,000 crore income for farmers
800 hectares along Ganga for growing herbal and medicinal plants

04:37 PM Animal Husbandry Infrastructure Fund

Rs 15,000 crores fund to be established
For dairy infrastructure and cattle feed infrastructure
Incentivise private investments

04:34 PM PM Matsya Sampada Yojana 04:32 PM 100% vaccination of all cattle (nearly 53 crore animals) to eradicate foot and mouth disease 04:31 PM Under Matsya Sampada Yojana

Rs 20,000 crore fund to be created
For integrated, sustainable, inclusive development of marine and inland fisheries
Plug critical gaps in fisheries value chain;
Provide employment to over 55 lakh persons
Double exports to Rs 1 lakh crore

04:29 PM Formalisation of MFEs 04:26 PM Agri Infrastructure Fund 04:26 PM For fisheries

04:24 PM For micro food enterprises

Fund of Rs 10,000 crores to be made
Cluster-based approach to scheme depending on location
For locally-made products to reach global markets
2 lakh enterprises will benefit
Focus on women, SCs/STs and aspirational areas

04:21 PM Rs 1 lakh crore provided

For aggregators, FPOs, primary agriculture societies for strengthening farm gate infrastructure
For cold chains and post harvest infrastructure
Specially for private and startups

04:19 PM Over the past months 04:16 PM Help for animal husbandry during lockdown

New scheme for interest subvention of 2%/ annum for dairy cooperatives
Additional 2% interest subvention on prompt payment/ interest servicing

04:13 PM During lockdown

Minimum Support Price purchases worth 74,300 crores has taken place during lockdown
Rs 18,700 crores transferred to farmers under PM KISAN
Rs 6,400 crores released under PM Fasal Bima Yojana

04:09 PM 11 booster shots for India's farmers

8 relate to logistics and storage
3 relate to governance

04:05 PM Finance Minister's third tranche to cover agriculture and allied activities 03:49 PM Chidambaram on MSME loans P. Chidambaram ✔@PChidambaram_IN Minister Gadkari says that governments and PSUs owe Rs 5 lakh crore as unpaid dues to MSMEs Minister Sitharaman says she will offer collateral free loan of Rs 3 lakh crore to MSMEs (numbering 45 lakhs) So, who is the lender and who is the borrower?! 03:45 PM Fiscal dent Stimulus packages will have negative impact of 0.6% or Rs 1.29 lakh cr on fiscal deficit, an SBI Report has said 03:40 PM Closing bell: Sensex recoups losses ahead of stimulus part 3, ends 25 pts lower; Nifty holds above 9,100 03:36 PM A meaningful stimulus is only possible if government sharply cuts the budgeted capex and reprioritises expenditure - Ind-Ra 03:26 PM Where's the space for fiscal stimulus?

The government plans to raise gross borrowings to Rs 12 lakh crore from the budgeted Rs 7.8 lakh crore
This is expected to be used to meet the revenue shortfall, India Ratings & Research said
Revenue shortfall is likely to account for 95 per cent of the increased borrowings
This would leave a purse of just Rs 20,000 crore for the government to provide fiscal stimulus

03:10 PM Combating the pandemic requires global collaboration. India's role is key as the world works to minimize social and economic impact, and pave the way to vaccine, testing, and treatment access for all - Bill Gates 03:01 PM Part 2, revisited 02:47 PM Markets watch: Sensex recoups losses; Nifty above 9,100 02:34 PM Government's 'jumla package' way short of what PM had promised - Randeep Surjewala, Congress spokesperson 02:33 PM Moody's outlook negative for Indian power sector

Outlook revised to negative from stable
Due to declining power demand, payment delays and an adverse impact from government measures
Silent on Rs 90,000 crore liquidity programme announced by FM on May 13

02:25 PM SC stays MHA circular on full payment of wages during lockdown Administrations cannot prosecute employers who are unable to pay full wages during lockdown 02:18 PM Govt wants to prepare India for competition in the global supply chain. The industrial protection introduced in the past 6 years has done the opposite - Ashok V Desai, Former chief economist, Ministry of Finance 02:18 PM The Make-in-India glitch in Modi's Covid fight The decision to disallow global tenders for government procurements of up to Rs 200 crore has rattled multinational medical device companies, who fear the new norms could disrupt supply of products related to Covid-19 tests and treatment. 02:18 PM India's Covid numbers today