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Budget Reaction from Mr. Ajay S. Shriram, Chairman & Sr. Managing Director, DCM Shriram Limited

“Budget 2018 presents an encouraging outlook for a wide cross section of stakeholders. The FM has taken a long term view by focusing on agriculture, health care, education and infrastructure. It addresses specific pain points of the farmer by undertaking three major initiatives:

A). By assuring revenue of 1.5 times the cost incurred, it has safeguarded the farmer’s income.

B). By funding agricultural market development and increasing the reach of e-NAM, access to market has been strengthened.

C). By extending Kisan Credit Card and creating a Rs 10,000 crore fund for animal husbandry it captures the changing composition of the Agriculture sector.

This reflects a deep understanding of the challenges faced by the farmer and will go a long way in sustaining rural livelihoods and not just increasing production. As agriculture is a state subject, I can’t stress more about the importance of effective implementation of these initiatives with the support of the state governments.”

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