The document summarizes key points from the Indian budget for 2017-18 relating to farmers. It outlines measures to boost agricultural growth and support farmers, including allocating Rs. 10 lakh crore in credit, expanding crop insurance coverage, increasing irrigation funding, establishing soil-testing labs, and setting up funds for dairy processing and micro-irrigation. The budget aims to enable farmers to increase production and productivity while ensuring income security as part of the goal to double farmers' incomes by 2022. However, it is noted that the budget may have missed opportunities to efficiently allocate demonetization funds and that the agricultural focus appears aimed at upcoming state elections rather than significantly improving GDP or jobs.

1. Article 112 Farmers
and
Budget 2017-18
- Shubham Agrawal

2. Article 112
- Shubham Agrawal

3. Article 112 in The Constitution Of India
1949
• Annual financial statement
• The President shall in respect of every financial year present before
both the Houses of Parliament a statement of the estimated
receipts and expenditure of the Government of India for that year.
• The estimates of expenditure embodied in the annual financial
statement shall show separately
• the sums required to meet expenditure
• the sums required to meet other expenditure proposed to be made from the
Consolidated Fund of India, and shall distinguish expenditure on revenue account
from other expenditure
- Shubham Agrawal

4. • The following expenditure shall be expenditure charged on the
Consolidated Fund of India
• the emoluments and allowances of the President and other
expenditure relating to his office.
• the salaries and allowances of the Chairman and the Deputy Chairman
of the Council of States and the Speaker and the Deputy Speaker of the
House of the People.
• debt charges for which the Government of India is liable including
interest, sinking fund charges and redemption charges, and other
expenditure relating to the raising of loans and the service and
redemption of debt.
- Shubham Agrawal

5. • the salaries, allowances and pensions payable to or in respect of Judges
of the Supreme Court,
• the pensions payable to or in respect of Judges of the Federal Court,
• the pensions payable to or in respect of Judges of any High Court
• the salary, allowances and pension payable to or in respect of the
Comptroller and Auditor General of India;
• any sums required to satisfy any judgment, decree or award of any
court or arbitral tribunal;
• any other expenditure declared by this Constitution or by Parliament
by law to be so charged
- Shubham Agrawal

7. Budget 2017-18
Farmers
- Shubham Agrawal

8. - Shubham Agrawal

9. • Agriculture is expected to grow at 4.1% in the current year .
• last year’s Budget it focused on
• income security of farmers to double their income in 5 years &
• enable the farmers to increase their production and productivity; and
to deal with post-harvest challenges.
- Shubham Agrawal

10. • Sowing farmers should feel secure against natural calamities.
• A sum of Rs. 10 lakh crore is allocated as credit to farmers, with 60
days interest waiver.
• The Fasal Bima Yojana launched by our Government is a major
step in this direction. The coverage of this scheme will be
increased 40% in 2017-18 and 50% in 2018-19. The Budget
provision to settle the arrear claims 9,000 crores are provided
- Shubham Agrawal

11. - Shubham Agrawal

12. • NABARD fund will be increased to Rs. 40,000 crore.
• Government will set up mini labs in Krishi Vigyan Kendras for soil
testing.
• Irrigation corpus increased from Rs 20,000 crore to Rs 40,000
crore.
• A dedicated micro irrigation fund will be set up for NABARD with
Rs 5,000 crore initial corpus.
- Shubham Agrawal

13. • Issuance of soil cards has gained momentum.
• A model law on contract farming will be prepared and shared with
the States.
• A Dairy Processing and Infrastructure Development Fund would
be set up in NABARD with a corpus of ` 8,000 crores over 3 years.
Initially, the Fund will start with a corpus of ` 2,000 crores.
- Shubham Agrawal

14. - Shubham Agrawal

15. Conclusion…
• the Budget proposals under our overarching agenda: “Transform,
Energise and Clean India”. Our emphasis will now be on
implementing all these proposals for the benefit of the farmers, the
poor and the underprivileged sections of our society.
• Overall this budget appears to have been used as a mechanism for
controlling the damage done to the economy and sentiments due to
demonetization. It has missed out on an opportunity to efficiently
allocate the money deposited through 26 crore Jan Dhan Accounts
during the Demonetization drive. The focus on agricultural and rural
development appear to have been planned with the forthcoming state
elections in view. It is unlikely that this budget will be able to improve
the GDP or help create jobs.” - Shubham Agrawal

16. Thankyou
- Shubham Agrawal