Budget 2007-08 – Running Commentary

100% subsidy to small and medium farmers via NABARD to build rain water catchment wells. Each well will cost Rs. 4000.

T&V (from the Green Revolution) to be restarted.

Fertilizer subsidy increases. Alternative method of delivering subsidy directly to farmer to be developed.

NABARD Rural Bonds to help refinance rural credit by co-operative societies.

Death & Disability benefits through LIC called Aam Aadmi Beema Yojna for rural landless households, 50% subsidized by Centre.

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