My Authors
Read all threads
Day 3 of #NirmalaSitharaman detailing the #AtmaNirbharBharatPackage announced by #Modi on 12th

- Focus on agriculture, fisheries, animal husbandry, dairy and allied activities.
Just like yesterday, the briefing begins with a detailing of things the govt has been doing. After this, there will be 11 announcements form the package--3 governance reforms, 8 government measures to expand storage, etc.

#NirmalaSitharaman #AatmaNirbharBharatPackage
After a quick review of yesterday's announcements, she lists measures taken over the last two months:
- MSP purchases of Rs. 74300 cr. happened during lockdown, also Rs 18,700 cr. to PM Kisan funds
- Claim payments of Rs. 6400 cr. have been transferred
- other figures of dairy procurement, interest subversion, liquidity, etc.

None of this adds to the package itself, and it is unclear how much of this would have happened anyway, covid-or-not. See:

#AtmaNirbharBharatAbhiyaan #NirmalaSitharaman
Finally, today's announcements after 20 mins.:

1. 1 lac cr. fund to strengthen farm-gate infra, including yards, storage centres, to be availed by pvt. entrepreneurs.
(Again, this is a financing facility which will not stimulate dd in the short run.)
2. For micro food enterprises, a fund of 10,000 cr. which will be executed in a cluster-based approach. Adds to #VocalForLocal focus on organic, health, nutritional products. makhana (Bihar), kesar (Kashmir), turmeric for "latte" outside(😳)
(Once again, this is only a long term)
3. Logistics under PM Matsya Sampada Yojana (announced in the budget already, she says)
- expected to give employment to 55 lac people.
- expected increase of 70 lac tonnes of fish prod. over 5 years.
- provisions for ban period, but details not laid out. (THIS IS IMP.!)
4. "PM has been looking at the foot and mouth disease since January 2020". (#NirmalaSitharaman's words, not mine)
- 1.5 cr. cows and buffallos have been vaccinated already since Jan'20; will continue in green zones. (So?)
- 15,000 cr. to help build animal husbandry infra.
5. Promotion of herbal cultivation.
- Herbal and medicinal plants can be grown on either side of the Ganga. A Boars to be set up to facilitate this.
6. (FM says 7th. Either she has lost count or I have.😄)
Beekeeping initiatives worth 500 cr.
- infra development and capacity building expected to inc. income for 2lac beekeepers. (Can't happen in the short run, again)
#NirmalaSitharaman #AatmaNirbharDesh
7. (#NirmalaSitharaman says 8)
- 500 cr. to all fruits/veg for subsidy on transport, storage, etc.

Moving to administrative/governance reforms.
1. Essential Commodities Act will be reformed. to enable better price realisation and attracting investments in agriculture
2. Central Law so that farmers have the choice to sell their produce at an attractive price, and there are no barriers in inter-state trade. We also want to make sure he can e-trade.
(Is the govt. aware of the priorities they're having RN?)
3. Final (she says last of 11, but she only listed 10)
- Steps to help farmers assured price return quantity
- Facilitate a legal framework to engage farmers with processors, aggregators, etc to fix their own price.
(An insurance? Doesn't this exist, @ramakumarr?)
Q: How will we ensure these will reach grassroots? How will we build infra?

A: We have seen Modi's words have reached to the grassroots. Media has also checked. You know our achievements. PM cares till last point...

#NirmalaSitharaman. 🙄
...Your question is correct...these must reach the ground...we'll focus. About the second question, you'll see the announcements have been abt ground level infra.

To a @Reuters question on whether a lot of this is budget exp. frontloaded, FM: "after all, when was the Budget?"
@ABPNews : Is there a reassessment of the 5trillion $ economy?

#NirmalaSitharaman : My focus now is responding to the opportunities from Covid. If we can change these into strengths to help farmers, why not!
Response to @PChidambaram_IN's comment on these being liquidity (monetary, not fiscal): "When we announce ours, and if I say tax refunds are given, that isn't included in the package. I'm clarifying where it's their money if it is."...
...T.V. Somanathan makes a better clarification, which is that across the world, the package of most countries is a mix of fiscal impulse and liquidity provisions. Most countries count it this way.

Tarun Bajaj: We're demarcating. Liquidity helps too. Objective is important.
Question on how DCT will be made, FinMin says Somanathan will explain details, but : "we have spoken to all departments constantly to ensure backlogs to MSMEs are cleared.
Somanathan explains.
Q: How much of the announcements are new? This isn't clear

#NirmalaSitharaman : I request you to listen to all. The PM has said it is 20,000lac crore. "Every day...what's the break up, what's the break-up".

So FinMin is unhappy for asking how much of the announcements r new?
Q: The worry for a lot of ppl are how to get money "today".
NS: "We've been taking inputs. PM Gareeb Kalyan was announced a couple hours after had money going. 500Rs for women in JanDhan for 3 months was money given. May not be adequate, I grant it...
...nothing can be adequate. But the 1st thing we announced was this. To give LPG for them to cook. Give them free grains, we have given some more yesterday. We are trying to extend."
Q: A lot of the measures will burden banks and Nabard. How will they be recapitalised?

NS: No comments on this yet.

(Read: We'e pushed burden on to banks, without clarity on how these will be recapitalised. Possible further bank mergers at the end of all this?)
please unroll, @threadreaderapp
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Hari

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!