The agriculture roadmap (2012-17) requires huge funding of Rs. 1.52 lakh crore, for which the state government has prepared a well laid out plan for agriculture credit, means of finance and monitoring.
Finance for the roadmap would be sourced from state plan, centrally sponsored schemes, central schemes, externally aided schemes and rural infrastructure development fund of NABARD.
The government has already put in place a resource management committee (RMC) headed by the chief secretary to arrange finances for what is generally seen as the first ever serious, but mammoth attempt to streamline and reorient agriculture for achieving the targeted 7% annual growth.
In the first year of its implementation (2012-13), the roadmap would require Rs. 27,000 crore with the requirement going up to Rs. 34,000 in 2013-14 and Rs. 43,000 crore in the next fiscal. In 2015-16, Rs. 52,000 crore would be required and in the final year of the roadmap, Rs. 62,000 crore would be needed.
Of the total estimated fund requirement, the public sector would provide Rs. 1,29,334 crore and the private sector Rs. 20,525 crore, adding up to Rs. 1,49,859 crore. The roadmap promises that, ‘efforts would be made to cover 100% farmers under kisan credit card scheme.’
The document underlines the need for continuous monitoring by the district magistrate at the district level and review by departmental secretary or principal secretary at state level. A monitoring committee of all the departments associated with the roadmap would be set up at the district level.
At the district and state levels, agriculture task force would be set up for reviewing the progress of the roadmap programmes. The agriculture cabinet, too, would monitor the progress of the roadmap, which received government approval on April 3, 2012, after debates in the legislative assembly and legislative council.