During the presentation of the 2024 Union Budget today, Finance Minister Nirmala Sitharaman unveiled a substantial allocation of Rs 1.52 lakh crore dedicated to budget for agriculture and related industries for the fiscal year 2025. This significant budget for agriculture reflects the government's commitment to enhancing productivity, supporting sustainable practices, and integrating digital infrastructure into farming.

One of the key highlights of the budget is the introduction of natural farming, which aims to revolutionize agricultural practices in India. Over the next two years, one crore farmers will be introduced to natural farming methods. This initiative is designed to reduce dependency on chemical pesticides and fertilizers while promoting sustainable agricultural practices. Natural farming not only improves soil health and biodiversity but also lowers cultivation costs, potentially increasing the profitability for farmers.

In addition to supporting natural farming, the Finance Minister announced plans to establish large-scale vegetable production clusters across the country. These clusters will be strategically located in key regions to ensure a consistent supply of vegetables, thereby enhancing agricultural output. This initiative is expected to address supply chain challenges and stabilize vegetable prices, benefiting both producers and consumers.

Focus on Budget for Agriculture, Research and Digital Infrastructure

The budget for agriculture also includes a comprehensive review of agricultural research, with a particular emphasis on developing climate-resilient varieties. Finance Minister Sitharaman revealed plans to release 109 new high-yielding, climate-resilient varieties to farmers. These varieties are expected to improve crop yields and help farmers adapt to changing climatic conditions.

budget for agriculture
Image Source: Forbes India

Furthermore, the government plans to establish 10,000 need-based bio-input centres to strengthen the production, storage, and marketing of oilseeds. This move aims to enhance the efficiency and sustainability of oilseed production, contributing to the overall goal of achieving greater self-reliance in edible oil.

A significant component of the budget for agriculture is the promotion of digital public infrastructure in partnership with state governments. This digital framework will provide farmers with access to essential information such as weather forecasts, crop advisory services, and market prices. By leveraging digital technology, the government aims to improve decision-making and operational efficiency for farmers.

As part of the digital initiatives, a digital crop survey for the Kharif season will be conducted in 400 districts in FY25. Additionally, the issuance of Jan Samarth-based Kisan credit cards will be enabled in five states, facilitating easier access to credit for farmers. To support the aquaculture sector, financing for shrimp farming, processing, and export will be facilitated through NABARD.

Increased Allocation and Support for Underprivileged Farmers

Union Minister of Agriculture Shivraj Singh Chouhan emphasized that the budget for agriculture is designed not only for national growth but also for the welfare of underprivileged farmers. The total amount allotted to the Department of Agriculture and Farmers Welfare is ₹1,22,528.77 crore, representing an increase from ₹1,16,788.96 crore in the 2023–24 Revised Estimates. This increase reflects the government's ongoing commitment to addressing the needs of the agricultural sector and supporting farmers across the country.

Additionally, a total of ₹500 crore has been allocated for the Namo Drone Didi Scheme, which aims to enhance agricultural productivity through the use of modern technology. This scheme is expected to provide farmers with advanced tools and resources, further supporting the government's vision of a technologically advanced and sustainable agricultural sector.

The 2024 Union Budget's substantial budget for agriculture underscores the government's dedication to fostering growth and sustainability in the sector. By focusing on natural farming, enhancing research, and integrating digital infrastructure, the budget aims to address both current challenges and future needs in agriculture. The increased funding and targeted initiatives reflect a comprehensive approach to improving agricultural practices and supporting farmers across India.

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