Govt invest Rs 372 cr for rejuvenation of saffron cultivation

With an investment of Rs 372.18 crore, the Jammu and Kashmir government has succeeded for approving ambitious National Mission for the rejuvenation of saffron cultivation in the state.

Last Updated: Mar 17, 2011, 13:54 PM IST

Jammu: With an investment of Rs 372.18 crore, the Jammu and Kashmir government has succeeded for
approving ambitious National Mission for the rejuvenation of saffron cultivation in the state.
"The coalition government headed by the Chief Minister Omar Abdullah has succeeded for approving ambitious National Mission for the rejuvenation of Saffron cultivation in the state with an investment of Rs 372.18 crore," state Agriculture Minister G H Mir said in the Assembly.

He said it will help the saffron farmers to double the productivity and production in the state in next four years.
Similarly, the Government succeeded to give export status to famous Basmati rice of R S Pura belt of Jammu, he said adding a project worth Rs 540.35 crore has been submitted to the Central Government to improve the quality, productivity and production of indigenous varieties of Basmati.

To provide incentives to farming community, Mir said the abolition of VAT on agriculture tools and implements and exemption of both toll tax and VAT on pesticides, weedicides insecticides, fertilizers, fodder, beehives and bee colonies would help a lot to this community.

PTI