New Agriculture export policy is cleared by cabinet

New Agriculture Export policy

A new agriculture policy gets cleared by the Union cabinet on 5th December. The new policy is  to fall in line with the PM's doubling farming Income objective.

Objectives

Main objective of the new agriculture export policy is to = Increase India's Agriculture related exports to  $60 Billion by the year 2022 

 Currently India's agriculture exports stand at $37 billion



Other objectives ->

• To diversify the existing country's export basket and destination
•  Boosting of high value crop and Value added exports including perishables

Outlay of scheme and implementing agencies
 
Total outlay for implementation of the policy is estimated at 1400 Crore Rupees, already in different schemes

Nodal Ministry for monitoring of the New Agriculture policy - Ministry of Commerce
For implementation - Various ministries and representative of  State Governments

 Other facts

Before setting up of the new policy adequate infrastructure and  logistic support for exporters will be  kept in focus.

State governments to be asked to repeal mandi taxes that are applicable for export oriented goods.

Also government to identify ports that handle  agri-exports

Efforts to be made in a cluster based model

Also private investment in production and  processing