Kolkata: Criticising the demonetisation move, West Bengal Finance Minister Amit Mitra on Wednesday said the note ban move affected the agro-economy badly and he has set aside Rs 100 crore to avoid any distress sale of agricultural produce.
Amit Mitra said that due to the absence of banks, the economy in rural areas is mostly cash-dependent. Due to demonetisation, the farmers of Bengal faced a lot of hardships. We have already abolished khajna tax on agricultural land. The Government has decided to abolish mutation fee on agriculture also. This will benefit lakhs of farmers.
The State has made great strides in agriculture. It has created new records in food-grain production. The State is No. 1 in the production of vegetables, and No. 2 in potato production. To ensure farmers get the right price for their produce, the Government will create a special fund of Rs 100 crore for farmers.
The State provides old-age pension to farmers. The Finance Minister proposed to increase the monthly pension from Rs 750 to Rs 1000. The number of beneficiaries will increase from 66,000 farmers to one lakh farmers. Additional 34,000 farmers will hence benefit from this scheme.
To boost the real estate sector, particularly the housing segment, he proposed to reduce stamp duty fee by one per cent on the value of wealth worth Rs 40 lakh to Rs one crore. “With the implementations of the proposals, the stamp duty fee on the value of wealth worth Rs 40 lakh to Rs 1 crore, will be five per cent in the rural areas from the existing stamp duty fee of six per cent while in the urban areas the same will be six per cent from the existing rate of seven per cent,” he said.