Punjab budget: Bhagwant Mann govt allocates ₹11,560 crore for agriculture sector. Big announcements
Punjab Budget 2022: Punjab finance minister Harpal Singh Cheema proposed a budgetary allocation of Rs. 6,947 crore for free power to agriculture tube wells in the state.
The Bhagwant Mann government in Punjab on Monday presented its first budget after coming to power in the state. During his budget speech, finance minister Harpal Singh Cheema announced a budgetary allocation of ₹11,560 crores for the agriculture sector.
The Punjab government's budget announcements for the development of agricultural sector include budgetary allocations for solving the stubble burning issue, free power to agriculture tubewells etc.
Punjab Budget 2022: Full coverage
Here are the top announcements for farmers in the Punjab budget 2022:
1. Punjab finance minister Harpal Singh Cheema announced a budgetary allocation of ₹200 crore for solutions to stubble burning, a major environmental issue in Punjab and neighbouring states.
2. The Punjab finance minister also announced ₹66 crores for gap funding to procure green gram.
3. The government proposed a budgetary allocation of Rs. 6,947 crore for free power to agriculture tubewells in the state.
4. The Punjab government also announced Rs. 450 crore for giving incentive to paddy growers who adopt non conventional method of direct seeding rice, aimed at saving ground water by at least 20 per cent.