New Delhi, July 07: The government today said there
is a need to enhance investment in the agriculture sector to
achieve 4 per cent growth during 11th Five Year Plan.
"For the Eleventh Plan, it has been recognised that there
is need to enhance investment in agriculture sector to achieve
4 per cent growth," Agriculture Minister Sharad Pawar said in
a written reply in Lok Sabha on Tuesday.
The farm sector attracted Rs 67,864 crore investment in
2007-08. Out out it, Rs 46,837 crore was invested from private
firms and Rs 21,027 crore from public sector, according to
data submitted in Parliament.
Interestingly, private investment exceeded the public
sector in the last four years, it said.
Pawar said, "Investment in agriculture sector has
increased over the years. The government has launched several
schemes to increase investments in agriculture sector and to
encourage private investment."
He said schemes such as Rashtriya Krishi Vikas Yojana,
Gramin Bhadaran Yojana and National Horticulture Mission have
been implemented to boost private investment.
This apart, the government has announced in the 2009-10
budget investment-linked tax incentives for setting up cold
chains and warehousing facilities, he added.
Bureau Report
