Union Budget 2024-25: Focus on Agriculture and Allied Sectors
In a presentation of the Union Budget for the fiscal year 2024-25, Finance Minister Nirmala Sitharaman declared a massive allocation of ₹1.52 lakh crore toward agriculture and allied sectors.
Budget Allocation and Priorities
Refocusing on productivity enhancement and development of climate-resilient crop varieties is precisely the plan of the government.
Agricultural Research and Improvement in Productivity
She pointed out that there is a need to bring about digital transformation in the agriculture sector, and hence declared an initiative for collaboration with the state governments.
The government targets converting 1 crore farmers to natural farming over the next two years. This shall be based on certification and branding, with the support of scientific institutions.
Thereafter, the Finance Minister declared that there would be dedicated missions for strengthening the production, storage and marketing of pulses and oilseeds.
The government is planning to create large clusters of vegetable production in a bid to meet the demand for localised production near the consumption centres.