{"id":7679,"date":"2020-04-27T15:19:34","date_gmt":"2020-04-27T09:49:34","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=7679"},"modified":"2020-04-27T15:19:34","modified_gmt":"2020-04-27T09:49:34","slug":"budget-2020-21-developing-a-rural-economy","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/budget-2020-21-developing-a-rural-economy\/","title":{"rendered":"Budget 2020-21: Developing a rural economy"},"content":{"rendered":"<p><span style=\"color: #0000ff;\"><strong>Relevance: Prelims\/Mains: G.S paper III: Indian Economy: Budget; &amp; Sociology:\u00a0Social Changes in India:\u00a0(i) Visions of Social Change in India:(a) Idea of development planning and mixed economy.(b) Constitution, law and social change.(c) Education and social change.(ii) Rural and Agrarian transformation in India:(a) Programmes of rural development, Community Development Programme, cooperatives, poverty alleviation schemes.<\/strong><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/proxy\/5agAX95CmSmUnyiPr9J9Z21ai24JtozHnknJn5IRHWf704atR4lER9N9kFGiPRDSjol5eafRYXHfQ-Sx8pHW64aVnMFXf4zyM7teCzvd8wH5hXwwaIjOJJ0pPgo\" alt=\"KEY HIGHLIGHTS OF UNION BUDGET 2020-21\" \/><\/p>\n<p><span style=\"text-decoration: underline; color: #ff0000;\"><em><strong>Introduction:<\/strong><\/em><\/span><\/p>\n<ul>\n<li>Inclusive development is multifaceted and can be achieved through growth with equity \u2013 social, economic, and political.<br \/>\n\u2022 In consideration with inclusiveness, special focus is given on rural development in the current budget 2020-21 to augment better life and sustained livelihood in rural India.<\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><strong>Overview of Agriculture:<\/strong><\/span><\/p>\n<ul>\n<li>70% of its rural households still depend primarily on agriculture for their livelihood, with 82% of farmers being small and marginal.<br \/>\n\u2022 The share of agriculture and allied sectors in the Gross Value Added (GVA) of the country at current prices has declined from 18.2% in 2014-15 to 16.5% in 2019-20, on account of relatively higher growth performance of non-agricultural sectors.<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline; color: #ff0000;\"><em><strong>Budget Overview:<\/strong><\/em><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/image.slideserve.com\/1487819\/what-is-rural-development-l.jpg\" alt=\"PPT - Rural Development Policy in a Diversified Europe: Some Notes ...\" \/><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Agricultural Credit:<\/strong><\/span><\/p>\n<ul>\n<li>The provision of agricultural credit has increased to Rs. 15 lakh crore (2020-21), considering the significance of agriculture in contributing to rural employment, farmers\u2019 well being and special support to farmers in doubling their income.<\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><strong>Storage and Marketing:<\/strong><\/span><\/p>\n<ul>\n<li>India has an estimated capacity of 162 million MT of agri-warehousing, cold storage, reefer van facilities, etc.<br \/>\n\u2022 The budget proposed to create warehousing in line with Warehouse Development and Regulatory Authority (WDRA) norms.<br \/>\n\u2022 Government will provide Viability Gap Funding for setting up efficient warehouses at the block\/taluk level.<\/li>\n<li><img decoding=\"async\" src=\"https:\/\/d2c7ipcroan06u.cloudfront.net\/wp-content\/uploads\/2020\/02\/agri.jpg\" alt=\"Key objectives of the Union Budget 2020-21 | TriumphIAS\" \/><\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><strong>Digital Rural Connectivity:<\/strong><\/span><\/p>\n<ul>\n<li>The new economy is based on innovations that disrupt established, business models. Artificial Intelligence (AI), Internet of Things (IoT), 3D printing, drones, etc., are re-writing the world economic order.<br \/>\n\u2022 India has already embraced new paradigms such as the sharing economy with aggregator platforms and harnessing new technologies to enable direct benefit transfers and financial inclusion on a scale never imagined before.<br \/>\n\u2022 Using machine learning and AI in the Ayushman Bharat scheme by the health authorities and the medical fraternity can target diseases with an appropriately designed preventive regime.<\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><strong>Conclusion:<\/strong><\/span><\/p>\n<ul>\n<li>Increase in agricultural productivity and realization of reasonable prices for agricultural production is essential for doubling the farmers\u2019 income by 2022.<br \/>\n\u2022 Nowadays, the agriculture sector is facing formidable challenges and a large number of farmers want to quit agriculture due to the failure of crops, higher labor costs, etc.<br \/>\n\u2022 The shift of focus of the Budget 2020-21 towards rural development and farmers\u2019 welfare is no doubt a welcome step.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #0000ff;\"><strong>For more such notes, Articles, News &amp; Views Join our Telegram Channel.<\/strong><\/span><\/p>\n<p><a title=\"Telegram Link\" href=\"https:\/\/t.me\/triumphias\" target=\"_blank\"><span style=\"color: #ff0000;\"><strong>https:\/\/t.me\/triumphias<\/strong><\/span><\/a><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Click the link below to see the details about the UPSC \u2013Civils courses offered by Triumph IAS.<\/strong> <\/span><span style=\"color: #ff0000;\"><strong><a style=\"color: #ff0000;\" href=\"https:\/\/triumphias.com\/pages-all-courses.php\">https:\/\/triumphias.com\/pages-all-courses.php<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relevance: Prelims\/Mains: G.S paper III: Indian Economy: Budget; &amp; Sociology:\u00a0Social Changes in India:\u00a0(i) Visions of Social Change in India:(a) Idea<\/p>\n","protected":false},"author":1,"featured_media":6682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[123,42,43,114,116],"tags":[392],"class_list":["post-7679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","category-general-studies-iii-technology-economic-development-bio-diversity-environment-security-and-disaster-management","category-indian-economy","category-sociology-optional","category-sociology-optional-paper-ii","tag-union-public-service-commission-upsc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=7679"}],"version-history":[{"count":1,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7679\/revisions"}],"predecessor-version":[{"id":7680,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7679\/revisions\/7680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/6682"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=7679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=7679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=7679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}