FM Nirmala Sitharaman announced ₹4000 crore fund for Promotion of Herbal Cultivation scheme
- Finance Minister Nirmala Sitharaman informed that a corridor of medicinal plants would be created on the banks of the Ganga and for this National Medicinal Plants Board (NMPB) would identify 800 hectare of land near the river.
- The plan is part of a Rs 4,000 crore programme launched for the promotion of herbal cultivation.
- It forms an important part of a slew of initiatives announced by the minister towards development of agricultural infrastructure, capacity building, logistics and legislative reforms.
- The NMPB has supported 2.25 lakh hectare area under cultivation of medicinal plants.
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Now, 10,00,000 hectares will be covered under herbal cultivation in next two years with the outlay of Rs 4,000 crore.
- The move is expected to lead to Rs 5,000 crore income generation for farmers. It will also develop a network of regional Mandis for medicinal plants
Rs 500 cr for beekeeping initiatives, will help 2 lakh beekeepers
- The government will implement a Rs 500 crore scheme of infrastructure development for the country’s beekeepers, with special thrust on capacity building of women, Union finance minister Nirmala Sitharaman.
- The government will implement the scheme for infrastructure development related to integrated beekeeping development centres, collection marketing and storage centres, post-harvest and value addition facilities among other things.
- It will also include implementation of standards, developing a traceability system, development of quality nucleus stock and bee breeders.
- This will lead to an increase in income of 2 lakh bee-keepers.
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