Prime Minister Narendra Modi highlighted the importance of states fulfilling their budgetary responsibilities in agriculture, a state subject. He urged for enhanced budget provisions at the district level to maximize impact during a post-Budget webinar. Stakeholders’ cooperation in budget formulation was acknowledged by the Prime Minister.
Several key programs like ‘PM Kisan Samman Nidhi’ and Minimum Support Price (MSP) reforms, ensuring 1.5 times returns for farmers, were emphasized by PM Modi. Notably, over Rs 4 lakh crore has been disbursed to 10 crore farmers under PM Kisan Samman Nidhi, and nearly Rs 2 lakh crore in insurance claims settled through ‘PM Fasal Bima Yojana’.
PM Modi noted that institutional credit coverage for farmers has exceeded 75%, reducing risks and providing economic security. He expressed confidence that discussions during the webinar would expedite the implementation of budget provisions, especially those focusing on high-value agriculture and region-specific crop promotions.
The Prime Minister detailed budget proposals for promoting crops like cocoa, cashew, and sandalwood in specific regions, along with initiatives for agarwood and temperate nut crops. He emphasized that export-oriented production in agriculture could enhance rural employment and global competitiveness. PM Modi also highlighted the potential for significant growth in fisheries and livestock sectors for export opportunities.
