Watch: Price range 2024: What’s in it for agriculture?
Union Finance Minister Nirmala Sitharaman stated she has allotted about ₹ 1.50 lakh crore to the agriculture sector.
Nearly all main schemes for farmers have seen a rise in allocation in comparison with her earlier budgets. Nonetheless, the fertilisers subsidy is down by about ₹1 lakh crore when in comparison with the precise expenditure in 2022-23. To handle the worth rise, the Finance Ministry has additionally offered ₹ 10,000 crore to the worth stabilisation fund. Farmers are alleged to get a good thing about this fund. Within the final finances, the allocation for this fund was simply ₹ 10 lakh.
The fertilisers ministry will get about ₹1.64 lakh crore on this monetary yr. In 2022-23, the Ministry spent about ₹2.51 lakh crore to make sure fertilisers for farmers. It needs to be seen how farmers’ organisations such because the Samyukt Kisan Morcha will look into these ideas particularly when their demand for a statutory minimal help value didn’t discover place within the this finances too.
