The Union Budget 2024-25 has been announced by the government. The Union Budget 2024-25 brought the Ministry of Agriculture into focus with an allocation of Rs 1.27 lakh crore, showing a slight increase. However, a closer examination reveals nuanced reductions in crucial schemes, raising questions about the government's commitment to a sustainable agricultural sector. The Department of Agriculture receives Rs 1,17,528.79 crore, while the Department of Agricultural Research and education (DARE) gets Rs 9,941.09 crore. Notably, flagship schemes like crop insurance and PM-AASHA witness reductions, raising concerns. The cash transfer benefit under the PM-Kisan scheme remains stagnant. The budget emphadata-sizes empowering women in agriculture, data-aligning with efforts to create an inclusive agricultural landscape.
Fertilizer subsidies see a 13% decrease, reflecting a shift towards bio and organic fertilizers. Challenges in irrigation practices persist, despite initiatives like the Pradhan Mantri Krishi Sinchayee Yojana. Doubling farmers' income remains a focus, yet the absence of recent income data raises questions. The MSP mechanism sees consistent support, but challenges in agricultural markets, credit access, and rising indebtedness persist.
The upcoming July Budget holds the promise of major announcements to reshape indian agriculture for a more vibrant, sustainable, and inclusive future, with the farming community at its core.