Tk 13,604 cr for agriculture

DHAKA, June 01, 2017 (BSS) - The government has allocated Taka 13,604.16 crore for agriculture sector in the proposed budget of 2017-18 fiscal which was Taka 3,709.29 crore more compared to the revised budget of 2016-17 fiscal.

In the proposed budget, the government has earmarked Taka 13,604.16 crore while it was only Taka 9,894.86 crore in the revised budget of 2016-17 fiscal.

At the same time, the government has earmarked Taka 9,000 crore as

subsidies and incentives in the proposed budget while in the revised budget of 2016-17, it [subsidies] was Taka 6,000 crore.

"We need to remember that agricultural land is gradually decreasing. That is why from now onwards, we will have to consider controlling random constructions taking place in rural areas," said the Finance Minister Abul Maal A Muhith while addressing the budget session at the Jatiya Sangsad Bhaban here today.

Around 45 percent of total population still depends on agriculture for their livelihood, said the finance minister, adding "We will further strengthen the ongoing programmes for increasing agricultural production and improving the state of farmers."

The programmes include, innovation of rice variety tolerant to adverse climate, reduction of post-harvest damage to crops, establishment of agricultural industries, supply of improved quality seeds, irrigation extension, establishment of quarantine centres to ensure safe and risk-free imports, introduction of genetically modified technology, innovation of adversity tolerant variety of jute and research for the innovation of diversified jute products.

"Alongside, we have taken initiatives to set up 235 Farmers Service

Centres all over the country to take the outcomes of agricultural research, agricultural information and technology, and agricultural services to the door steps of farmers," the minister added.

Source: Bangladesh Sangbad Sangstha (BSS)