Budget 2024: Interim Budget Update

Union Finance Minister Nirmala Sitharaman, while presenting the Interim Budget 2024-25, said that efforts of value addition in the agri sector and increasing farmers income will be stepped up, adding, 11.8 crore farmers – including marginal and small farmers – have been provided financial assistance under PM Kisan Yojana. The main highlights for agriculture sector are : Government will promote private and public investment in post-harvest activities including aggregation, modern storage, supply chains, primary and secondary processing, marketing and branding Nano DAP application on various crops will be expanded in all agro-climatic zones. A strategy will be formulated for achieving self-reliance in oilseeds, such as mustard, groundnut, soybean, sesame and, sunflower.This will cover research in high-yielding varieties, adoption of modern farming techniques, market linkages, procurement, value addition, and crop insurance. A comprehensive programme for supporting dairy farmers will be formulated. Efforts are already on controlling foot and mouth disease. The Finance Minister added that PM Matsya Sampada Scheme will be stepped up for aqua culture productivity, as the government aims to double seafood exports to ₹1 lakh crore. Five integrated aqua parks will be set up.

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