AGRICULTURE’S FUTURE IN QUESTION: UNION BUDGET 2024 REVIEW
Why in the news?
- The Union Budget 2024 has been criticized for its lack of ambition and novel ideas in the agricultural sector.
- Despite prioritizing “productivity and resilience in agriculture,” the budget proposals largely repeat previous promises without introducing significant new initiatives.
source: BBC
Agricultural highlights in budget:
- The budget’s plan to initiate one crore farmers into natural farming mirrors promises from the past two years.
- Proposals like building digital infrastructure for agriculture and developing supply chains for vegetables are not new, having been mentioned in previous budgets.
- The budget does not address critical issues such as rationalizing urea prices or redirecting subsidies towards investment in agricultural research and infrastructure.
Key Agricultural Initiatives in Budget 2024-25:
Namo Drone Didi Scheme
Support for Natural Farming
Jan Samarth-based Kisan Credit
Pulses, Oilseeds, and Vegetable Production
National Cooperation Policy and Rural Economy
Shrimp Production and Export
Associated Article: https://universalinstitutions.com/budget-2024-for-the-social-sector-it-is-old-wine-in-an-old-bottle/ |