He also announced a plan to create a dedicated micro irrigation fund with initial amount of Rs 5,000 crore under the National Bank for Agriculture and Rural Development (Nabard).
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Presenting the budget for the financial year 2017-18 in Lok Sabha, Jaitley said: “My approach in preparing the budget is to spend more on rural areas, infrastructure and poverty alleviation with fiscal prudence.”
“For 2017-18 we have proposed to set up Dairy Processing Infrastructure Fund under Nabard, with corpus of Rs 8,000 crore,” Jaitley said.
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He said that issuance of soil health card have gained momentum across the country which benefited the farmers.
“We will set up a mini lab in Krishi Vigyan Kendras to boost issuance of soil health cards,” Jaitley said. (IANS)