The Union Finance Minister, Shri Arun Jaitley while presenting his maiden budget said that the Government is committed to sustain a growth of 4% in agriculture. He said that for this government will bring technology driven second Green Revolution with focus on higher productivity and include “Protein revolution” as an area of major focus.

The Finance Minister said that as a very large number of landless farmers are unable to provide land title as guarantee, institutional finance is denied to them and they become vulnerable to money lenders’ usurious lending. The Finance Minister has proposed to provide finance to 5 lakh joint farming groups of “Bhoomi Heen Kisan” through NABARD in the current financial year.

Shri Jaitely also proposed to set aside a sum of ₹ 50 crores for the development of indigenous cattle breeds and an equal amount for starting a blue revolution in inland fisheries.

Agricultural finance expansion: state to mobilise credit for landless joint farming groups and fund livestock and fisheries development. Targeted financing will be provided to five hundred thousand joint farming groups of 'Bhoomi Heen Kisan' through NABARD because many landless farmers lack land title and are denied institutional credit; budgetary allocations include fifty crores for development of indigenous cattle breeds and an equal sum to initiate a blue revolution in inland fisheries to support a protein focused Green Revolution.