Union Budget 2024 | FM Sitharaman allocates Rs 1.52 lakh crore for agriculture, announces measures to boost sector

Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024 in the Lok Sabha, announcing a slew of measures for boosting the agricultural sector, in addition to other announcements.

Overall, the FM said that Rs 1.52 lakh crore would be allocated for agriculture and associated sectors.

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Here's what the FM said about measures being taken to boost the agriculture and allied sectors:

Focus on natural farming: One crore farmers will be introduced to natural farming practices over the next two years.

Increased vegetable production: Large-scale vegetable production clusters will be established to improve overall output.

Digital agriculture infrastructure: The government will collaborate with states to develop a digital public infrastructure specifically for the agriculture sector.

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National Cooperation Policy: A National Cooperation Policy will be introduced to promote the overall development of the cooperative sector.

Strengthening pulses production: The government will take steps to strengthen the production, storage, and marketing of pulses.

Rural economic growth: Fast-tracking the growth of the rural economy and creating employment opportunities will be a key policy focus.

Shrimp farming support: The government will provide financial aid for shrimp farming and marketing activities.

Union Budget 2024 LIVE | Making a record for any Finance Minister, Nirmala Sitharaman will be presenting her 7th Union Budget on July 23, 2024 under the Modi 3.0 government. While inflation has burnt a hole in the pockets of 'aam janata', will this Budget spell relief for Indians? Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.