00:00There are only a few days left for the general budget to be presented.
00:03Whether it is the middle class or the farmers, everyone has a lot of expectations from the Minister of Agriculture.
00:08Experts believe that this time, the government can make big announcements for the farmers.
00:14In this, the amount can be increased for the PM Farmer Responsibility Act.
00:18Apart from this, there can be good news on the tax chute and the KCC and subsidy solar pump.
00:25Hello, I am Digvijay Singh. Welcome to Good Returns.
00:29Minister Nirmala Sitharaman will present the country's budget in the Lok Sabha on 23rd July.
00:35Four big announcements are expected for the farmers in the budget.
00:39Under the PM Farmer Responsibility Act, the amount that the farmers get every year can be increased, which is currently Rs. 6,000.
00:46It can be increased to Rs. 8,000.
00:49A loan of Rs. 3 lakhs through the KCC can be increased to Rs. 4-5 lakhs.
01:00In addition, on this loan, the farmers can be reduced from Rs. 7% to Rs. 4%.
01:07This means that a subsidy of Rs. 3% can be given.
01:11It is estimated that the area of the solar pump on which the subsidy can be received can also be increased.
01:16Apart from this, there can also be a tax cut on agricultural equipment.
01:22Because for a long time, the GST on the products used in agriculture is being removed or the demand for the benefit of Input Tax Credit, i.e. ITC, is being made.
01:35In this case, the government would like to remove the GST in the budget and please the farmers.
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