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Government sets agriculture credit target of Rs 16.5 lakh crore for FY22

1.54 crore farmers benefited from MSP in paddy and wheat in FY21 vs 1.24 crore YoY.
Amount paid to farmers for wheat in FY21 was Rs 75,060 crore vs Rs 62,802 crore in FY20.

Amount paid to farmers for paddy in FY21 seen at Rs 1.72 lakh crore Rs vs Rs 1.41 lakh crore in FY20

Amount paid to farmers for pulses in FY21 seen at Rs 10,530 crore vs Rs 8,285 crore in FY20

To Increase provision to rural infra development fund to Rs 40,000 cr from Rs 30,000 cr   

 
Positive for rural focused Auto OEMs such as Hero Motocorp, M&M, Maruti Suzuki and Escorts.
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