Budget 2023: Announcement For Agriculture, Emphasis On Startup And Digital Development


Union Finance Minister Nirmala Sitharaman presented the last full-time budget of the second term of the Modi government in the House today. In view of the general elections in 2024, the Finance Minister has taken several steps to live up to the expectations of the farmers. In this budget, it was announced to start the PM Matsya Yojana. Read full news.

New Delhi: Curiosity remains among the farmers regarding the budget. They want to know how much relief the government has given for them. What is there for the farmers in this budget? Union Finance Minister Nirmala Sitharaman has presented the budget in the House. According to the preliminary figures of the budget, an attempt has been made to give many reliefs to the farmers.

Agriculture credit target to be raised to 20 lakh crore
Finance Minister Nirmala Sitharaman has said that the government’s economic agenda is focused on facilitating opportunities for citizens, providing a strong impetus to growth and job creation as well as strengthening macroeconomic stability is concentrated. Presenting the Union Budget for 2023-24 on Wednesday, Sitharaman said in her speech, ‘The seven priority areas of the budget are inclusive growth, reaching the last mile, infrastructure and investment, unleashing potential, green growth, youth and financial There are areas. He further informed that Agriculture Accelerator Fund will be set up for agriculture startups. The Finance Minister informed that the agriculture credit target will be increased to Rs 20 lakh crore with focus on animal husbandry, dairy and fisheries. Sitharaman has also announced that a cooperative-based model has been adopted to support small and marginal farmers.

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India will become a global hub for coarse grains
– Production of coarse grains (Sri Anna) Millet, Ragi, Ramdana, Kungni, Kuttu will be
promoted – Work will be done with the help of Millet Institute Hyderabad to promote Sri Anna.
India is a big exporter of coarse grains. Exports will be further promoted.

Fish farming will be promoted
– Pradhan Mantri Matsya Palan Yojana will be brought for fish production.
– Focus on production, storage, transportation and market availability for PM Fisheries Scheme –
Technical assistance and training will be given for fish farming –
63000 Agri Societies will be computerized –
Animal husbandry and dairy industry will be promoted

Fish farming will be increased with PM Matsya Yojana
Union Finance Minister Nirmala Sitharaman ‘Shri Anna’ (coarse grains) will be promoted. Along with promoting the cluster system in agriculture, public private partnership will be brought in. Farmers will be encouraged to produce better products through modern technology. Along with this, steps will be taken to make their products available in the market. Fish farming will be promoted through PM Matsya Yojana. 6000 crore plan has been made for this.

A look at the steps taken by the government before this budget: In
2016, the Modi government had promised to double the income of the farmers of the country. For this, the government had formed a committee. The committee had given many suggestions to the government. It was on the basis of this suggestion that the government started the PM Kisan Samman Nidhi. In the financial year 2015-16, the government had given a budget of Rs 25460.51 crore for agriculture and farmers’ welfare. Till last year this budget has increased five times. This budget for 2022-23 was 138550.93 crores. Under PM Kisan Samman Nidhi, 11.3 crore farmers are given six thousand rupees per year.

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18 per cent increase in exports of agriculture and allied products as per
Economic Survey data. Agriculture contributed significantly to the overall growth and development of the country by ensuring food security. The Indian agriculture sector is growing at an average annual growth rate of 4.6 percent. It increased to 3.0 percent in 2021-22 as compared to 3.3 percent in 2020 during the last six years. In recent years, India has also rapidly emerged as a net exporter of agricultural products. In 2020-21, exports of agricultural and allied products from India increased by 18 percent. During the last year 2021-22, agricultural exports reached an all-time high of US $ 50.2.

Modi government’s policies are showing effect in food and processing
Minimum Support Price (MSP) policy is being used to encourage crop diversification. Net receipts from crop production increased by 22.6 per cent in the latest Situation Assessment Survey (SAS) as compared to the 2014 SAS report. Allied sectors including animal husbandry, dairy and fisheries are fast emerging as high growth sectors and as a major driver of overall growth in the agriculture sector. The livestock sector grew at a CAGR of 8.15 per cent in the last five years ending 2019-20. It has been a source of stable income in different groups of agricultural families and it is about 15 percent of the average monthly income of such families. Government supports food processing through various measures such as infrastructure development, subsidized transportation and support for formalization of micro food enterprises. India runs the largest food management program in the world.

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Crop insurance benefits farmers after a disaster.
PM Fasal Bima Yojana was started in 2016. About six and a half crore farmers have registered their names in this. It is estimated that for every Rs 100 premium paid by the farmers, about Rs 493 has been paid to them in the form of claims. Let us inform that in the budget of 2022-23, to promote chemical-free natural farming, a budget provision was made for organic farming in an area of ​​5 km wide on the banks of the Ganges. Considerable progress has been made in this area.

What is the category of farmers
, according to the Ministry of Agriculture, Marginal farmers who have less than one hectare of land. On the other hand, those who have 1-1.99 hectares of land are considered small farmers. Farmers with 4-9.99 hectares of land are kept in the category of semi-medium farmer. On the other hand, farmers with land holding of 10 hectares or more have been kept in the category of big farmers. Let us tell you that according to the report released by NABARD in 2017, the monthly income of farmers is Rs 8,931. Modi government is working continuously.


2020-2021 2021-22 2022-23 2023-24

Amount (in crore) 134420 147764 151521

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