Budget 2024: Government Sets Aside Rs 1.52 Lakh Crore For Agriculture, Allied Sectors In FY25

The government is going to undertake a comprehensive review of agricultural research, with a focus on developing climate resilient varieties in agriculture, said Finance Minister Nirmala Sitharaman.

With Rs 1.52 lakh crore set aside for agriculture and allied sectors in FY25, Sitharaman said that new 109 high-yielding, climate resilient varieties will be released to farmers.

She added that nearly one crore farmers will be initiated into natural farming over the next two years, and 10,000 need-based bio-input centres will be established as well, along with strengthening production, storage, and marketing of oil seeds.

Large-scale clusters for vegetable production will also be developed closer to consumption centres, and a digital crop survey for Kharif will be taken up in 400 districts in FY25.

Financing for shrimp farming, processing, and export will also be facilitated through NABARD.