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To pull down food inflation, Pranab earmarks Rs 3,251 cr for horticulture

At a time when vegetables continue to drive India's food inflation, finance minister Pranab Mukherjee's budget on Friday tried to provide an antidote by enhancing allocation to increase production of horticulture and vegetable crops.

Updated on: Mar 16, 2012 11:49 PM IST
Hindustan Times | By , New Delhi
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At a time when vegetables continue to drive India's food inflation, finance minister Pranab Mukherjee's budget on Friday tried to provide an antidote by enhancing allocation to increase production of horticulture and vegetable crops.

HT Image
HT Image

While the overall allocation under the segment was increased to Rs 3,251 crore from Rs 2,710 crore in 2011-12, Mukherjee also enhanced allocation for the National Horticulture Mission from Rs 1,160 crore in 2011-12 to Rs 1,360 crore.

The horticulture mission was launched in 2005-06 to double the production in cultivation of fruits, vegetables, flowers, spices, etc, and improve economic condition of the farmers by increasing exports.

Since then, there has been a marked improvement in the export of horticultural produce - export earnings have increased from Rs 6,921 crore in 2004-05 to Rs 13,423 crore in 2009-10.

Though there has been a considerable improvement in production of various horticulture commodities, experts stressed on the need to improve supply chain for these commodities.

India is the second-largest producer of vegetables, after China. Such fields occupy an area of 17.7 million hectares, producing 218.7 million tonnes of horticulture produce.

 
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