Finance Minister Nirmala Sitharaman on Friday 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.
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. 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. (IANS)