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HomePosts Tagged "Nirmala Sitharaman Finance Minister"

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

Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. In the first budget of the Modi 3.0 government, Sitharaman said that government has drawn a road map for Vikasit Bharat with 9 priorities agenda which includes productivity and resilience in agriculture and energy security.

The Union Finance Minister said financial support for setting up a network of Nucleus Breeding Centres for Shrimp Broodstocks will be provided.  Sitharaman said Financing for shrimp farming, processing and export will be facilitated through NABARD.

Financing for shrimp farming, processing and export

This substantial funding is set to bring transformative changes to India’s agricultural landscape.

Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. In the first budget of the Modi 3.0 government, Sitharaman said that government has drawn a road map for Vikasit Bharat with 9 priorities agenda which includes productivity and resilience in agriculture and energy security.

While presenting Union Budget 2024, Finance Minister Nirmala Sitharaman announced that Rs 1.52 lakh crore has been allocated for agriculture and allied sectors in the Budget for 2024-25 fiscal. Stating that agriculture was a key agenda of the government, Sitharaman said productivity and resilience will be in focus when formulating policies. This substantial funding is set to bring transformative changes to India’s agricultural landscape.

This substantial funding is set to bring

Around 6 crore farmers will be brought into the Farmer Registry System. Kisan credit cards will be enabled in at least five states.

Finance Minister Nirmala Sitharaman said while presenting the Union Budget 2024 on July 23 that Government has set out an ambitious plan to facilitate implementation of Digital Public Infrastructure (DPI) in agriculture over 3 years, bringing over 6 crore farmers under the formal land registry system.

Sitharaman added that Buoyed by the success of pilot projects, the government will facilitate implementation of DPI for agriculture over the next 3 years. Under the project Agri Stack the government plans to conduct digital crop survey in 400 districts in FY2024, bringing over 6 crore farmers into the formal Farmer Registry System.

 FM said that around 6 crore farmers will be brought into the Farmer Registry System. Kisan credit cards will be enabled in at least five states.

Around 6 crore farmers will be brought

Government will promote Farmer Producer Organisations, cooperatives and startups for vegetable supply chain including for collection and storage and marketing.

Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. In the first budget of the Modi 3.0 government, Sitharaman said that we have drawn road map for Vikasit Bharat with 9 priorities agenda which includes productivity and resilience in agriculture and energy security.

Mission for pulses and oil seeds

The FM said that in order to achieve self -sufficiency in pulses and oilseeds, government will strengthen its production, storage and marketing. As announced in the interim budget, a strategy has been put in place to achieve Atma Nirbharta in oilseeds such as mustard, groundnuts, sesame, soyabean and sunflowers.

Vegetable production and supply chain

A large-scale cluster for vegetable production will be developed closer to major consumption centres. Government will promote Farmer Producer Organisations, cooperatives and startups for vegetable supply chain including for collection and storage and marketing.

Government will promote Farmer Producer Organisations, cooperatives

 Government will undertake a comprehensive review of agricultural research set up to bring the focus on increasing productivity and developing climate resilient varieties of crops

Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. In the first budget of the Modi 3.0 government, Sitharaman said that we have drawn road map for Vikasit Bharat with 9 priorities agenda which includes productivity and resilience in agriculture, energy security.

FM said the government will focus on transformation agricultural research. Government will undertake a comprehensive review of agricultural research set up to bring the focus on increasing productivity and developing climate resilient varieties of crops. Government will provide funding to research in private sector. Domain experts from government and private sector will oversee the conduct of such research.

Sitharam also said that 109 new high -yielding and climate resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers.

 Government will undertake a comprehensive review of

The Private-Public partnership in post-harvest sector will help in reducing post-harvest losses and improving productivity and boost income of farmers.

Nirmala Sitharaman, Union Finance Minister presented the interim Union Budget for 2024-25 in the parliament.

In the budget presentation speech, Finance Minister said that government will further promote private and public investment in post-harvest activities which includes aggregation, modern storage, supply chains, primary and secondary processing, marketing and branding.

The Private-Public partnership in post-harvest sector will help in reducing post-harvest losses and improving productivity and boost income of farmers.

The Private-Public partnership in post-harvest sector will

Special programmes and schemes announced for dairy, acquaculture and oilseed sectors in Union budget 2024-25.

Nirmala Sitharaman, Union Finance Minister presented the interim Union Budget for 2024-25 in the parliament. Finance minister said that government will raise the fertilizer subsidy by 10 per cent. It will also increase the agri- credit by 10 to 25 per cent. The government will normalise the GST for seeds across the states to boost the income of farmers.

Dairy sector

FM announced that a comprehensive programme for supporting dairy farmers will be formulated. Efforts are already on to control foot and mouth disease. India is the world’s largest milk producer but with low productivity of milch-animals. The programme will be built on the success of existing schemes such Rashtriya Gokul Mission, National Livestock Mission, and Infrastructure Development Funds for dairy processing and animal husbandry.

Oil Seeds

Government will launch programme Aatmanirbhar Oilseeds initiative – Self-sufficiency in the production of oil seeds. Building on the initiative announced in 2022, a strategy will be formulated for achieving self-reliance in oilseeds, such as mustard, groundnut, soya bean, sesame and sunflower. This will cover research in high-yielding varieties, adoption of modern farming techniques, market linkages, procurement, value addition and crop insurance.

 Aquaculture

Government has set up a separate Department for Fisheries realizing the importance of assisting fishermen. This has resulted in doubling of both inland and aquaculture production. Seafood export since 2013-14 has also doubled. Implementation of Pradhan Mantri Matsya Sampada Yojana (PMMSY) will be stepped up to enhance aquaculture productivity from existing 3 to 5 tons per hectare, to double exports to ` 1 lakh crore and to generate 55 lakh employment opportunities in near future.  Five integrated aquaparks will be setup. For promoting climate resilient activities for blue economy 2.0, a scheme for restoration and adaptation measures, and coastal aquaculture and mariculture with integrated and multi-sectoral approach will be launched.

Nano DAP

After the successful adoption of Nano Urea, application of Nano DAP on various crops will be expanded in all agro-climatic zones.

Phased mandatory blending of compressed biogas

(CBG) in compressed natural gas (CNG) for transport and piped natural gas (PNG) for domestic purposes will be mandated.  Financial assistance will be provided for procurement of biomass aggregation machinery to support collection.

Bio-manufacturing and Bio-foundry

For promoting green growth, a new scheme of bio-manufacturing and bio-foundry will be launched. This will provide environment friendly alternatives such as biodegradable polymers, bioplastics, biopharmaceuticals and bio-agri-inputs. This scheme will also help in transforming today’s consumptive manufacturing paradigm to the one based on regenerative principles.

Sitharam mentioned that Crop insurance has been given to 4 crore farmers under the PM Fasal Bima Yojana. This assists the Annadata in producing food for the country and the world.

She also added that 1361 e-mandis have been integrated with 3 lakh crore trading volume. For welfare of our Annadata, every year, under PM Kisan Samman Yojana, direct financial assistance is provided to 11.8 crore farmers.  PM Kisan Sampada scheme has benefitted 38 lakh farmers.

Special programmes and schemes announced for dairy,