Government announces massive ₹1.52 lakh crore for agriculture sector in 2024-25 Union Budget

In a significant boost for the agricultural sector, Finance Minister Nirmala Sitharaman has announced a ₹1.52 lakh crore allocation in the 2024-25 budget. This substantial reserve aims to drive growth and innovation in rural areas, bringing promising news for the farming community.

A notable portion of the budget is dedicated to advancing agricultural research, emphasizing the need to enhance production through scientific methods.

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Over the next two years, one crore farmers will receive support for natural farming practices, moving towards sustainable agriculture. Additionally, the budget outlines a plan to achieve self-reliance in oilseed production, reducing dependency on imports and strengthening domestic capabilities.

A key highlight of the budget is the establishment of 10,000 bio-research centers, designed to bolster the rural economy and provide farmers with essential resources.

The introduction of new seed varieties and the continued implementation of the Kisan Credit Card Scheme further demonstrate the government's focus on supporting farmers. Sitharaman emphasized the importance of a robust system for vegetable crop collection and the promotion of natural farming, ensuring a comprehensive approach to agricultural development.

With these initiatives, the government aims to fortify the agricultural sector, providing a substantial lifeline to farmers and driving economic growth in rural areas.