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Home TOP NEWS

Rs 3,156 cr in budget 2023-24 for J&K’s agriculture and allied sectors

Images News Netwok by Images News Netwok
April 1, 2023
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Union Cabinet approves Rs 34,856 crore towards interest subvention scheme for agriculture loans
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Srinagar: Jammu and Kashmir government on Friday said that Rs 3156 crore have been allocated in Budget 2023-24 to create an enabling environment for transforming J&K’s agriculture and allied sectors to increase farmer income, ensure food security and accelerate UT’s economic growth.

A Holistic Agriculture Development plan will be rolled out, with 29 proposed projects at an outlay of Rs 5012 crore over the next five years, an official statement said.

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Quoting an official, the statement said that the novel Initiative will create additional job opportunities for 2,87,910 people in agriculture, horticulture, and allied sectors besides 18,861 new business enterprises will be created for the next five years.

To empower the farmers to store their produce for better returns, the government will create 67000 Metric tons of CA Storage Capacity.

The Jammu and Kashmir government is encouraging and aiding private players to set up cold storage (CA) facilities to reduce post-harvest losses by increasing the shelf life of various agriculture and horticulture products, as well as to address the issue of distressed crop sales by farmers.

The government has taken several concrete steps to increase agriculture and horticulture production, as well as to improve crop quality, with a special emphasis on post-harvesting management infrastructure, particularly in the private sector.

The Jammu and Kashmir government has launched a Rs 46.65 crore ‘Promotion of Beekeeping’ project to triple honey production over the next five years, the statement said.

Monitoring and traceability will be done through GI labs. 20 Custom Hiring centers (CHCs) will be also established for extending pollination facilities. Jammu and Kashmir will have a full-fledged center of excellence for constancy, capacity building, and post-harvest management,” it said.

Under the project, the value addition of honey is also being envisioned coupled with efficient growth of the bee sector using native honey bees.

To make fish farming a prosperous sector, the UT government has approved an Rs. 176 crore project to boost fish production. The project involves importing genetically improved fish seed, upgrading existing hatcheries and fish rearing units, introducing species diversity in aquaculture through R&D, and commercializing trout and carp fish production using modern technologies such as RAS and Biofloc and is estimated to double trout and carp production over the next 5 years.

Similarly, dairy is the biggest component of livestock husbandry and plays a pivotal role in sustaining agriculture income and acts as a growth engine for agriculture, and allied sectors in J&K.

The milk production is expected to reach 45 Lakh MTs from 25 Lakh MTs over the next 05 years and will be achieved through a range of measures, including the expansion of breeding coverage and increasing per-animal productivity.

One of the key elements of the Dairy under the HADP project is to increase per-animal productivity from 2400 liters to 4300 liters, which is a significant increase. This will be achieved through a range of interventions, including the expansion of Artificial Insemination (AI) centers from 1389 to 2189, it said.

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