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Agriculture / The Economic Times

Budget 2025: Agri industry lauds focus on pulses, seeds, tech; some concerns remain

Industry leaders have praised the Union Budget 2025-26 for its agricultural initiatives, especially the focus on technology and seed development, though some sector-specific demands remain unmet. Highlights include a Rs 5 lakh Kisan Credit Card loan limit, emphasis on climate-resilient crops, and support for reducing import dependencies. Effective implementation is crucial for achieving these goals.

1 Feb 2025 7:07 pm
Budget 2025: Kisan Credit Cards interest subvention scheme limit to be increased to Rs 5 lakh, FM Sitharaman announces

India Budget: Finance Minister Nirmala Sitharaman, in the Union Budget 2025, announced an increase in the Kisan Credit Card limit to Rs 5 lakh, benefiting 7.7 crore farmers. The government will also enhance credit guarantee for MSMEs and introduce customized credit cards for micro-enterprises. Export-oriented MSMEs can avail term loans of up to Rs 20 crore.

1 Feb 2025 11:38 am
Union Budget: National mission on high-yielding seeds to be launched, says Sitharaman

India will launch a mission for high-yielding seeds and establish a 'Makhana Board' in Bihar to boost fox nut production, announced Finance Minister Nirmala Sitharaman. The government also plans a five-year mission to enhance cotton production, and measures to sustain fisheries harvest.

1 Feb 2025 11:26 am
Budget 2025: FM Sitharaman announces measures aimed to benefit 1.7 cr farmers of India

Finance Minister Nirmala Sitharaman announced measures to benefit 1.75 crore farmers through the Prime Minister Krishi Yojana, which aims to enhance agricultural development. The program will cover 100 low-productivity districts, focusing on crop diversification, sustainable practices, and post-harvest storage improvements at the panchayat and block levels.

1 Feb 2025 11:14 am
Sugar output may drop 15 pc to 27-27.2 MT this season: ISMA, NFCSFL

India's sugar production for the 2024-25 season is projected to drop by 15% to around 27-27.2 million tonnes due to early flowering of sugarcane and lower yields in key states. This decline, attributed to changes in weather and crop infestations, is expected to impact the stock and sales rate.

31 Jan 2025 9:33 pm
Agriculture credit disbursement reaches Rs 19.28 lakh crore in 9 months of FY25

Agricultural credit disbursement in the current fiscal has reached Rs 19.28 lakh crore by December 2024, achieving 70% of the FY25 target of Rs 27.5 lakh crore. This emphasizes notable progress in credit support to the agricultural and allied sectors, reflecting targeted credit policies' effectiveness.

31 Jan 2025 6:20 pm
Govt may consider giving agri subsidies via direct benefit transfer: Shivraj Singh Chouhan

Union Minister Shivraj Singh Chouhan announced potential policy changes to simplify agriculture, suggesting subsidies for fertilisers and farming equipment through direct benefit transfer. The government is also considering covering transportation costs for agricultural produce to support farmers. These measures aim to make agriculture more efficient and reduce costs for consumers, while informing farmers about existing schemes.

27 Jan 2025 10:40 pm
Plan afoot to allow farmers sell produce to consumers directly

Agriculture Minister Shivraj Singh Chouhan announced that the government is planning a model to enable farmers to sell their produce directly to consumers, minimizing the role of middlemen. This 'farm to consumer' model aims to maximize farmers' benefits and contribute significantly to India's development.

27 Jan 2025 12:04 am
Govt plans direct farm sales, aims to cut middlemen, boost farmer income: Chouhan

Agriculture Minister Shivraj Singh Chouhan announced that the government is developing a model to enable farmers to sell their produce directly to consumers, thereby minimizing middlemen. The initiative aims to maximize farmers' benefits. Chouhan also reaffirmed the government's commitment to supporting farmers with various measures and schemes.

26 Jan 2025 9:10 pm
India set to raise farm budget by over 15%, biggest increase in six years

The govt is aiming to boost agricultural spending by 15% to $20 billion in the 2025/26 budget to improve rural incomes and curb inflation. The funds will focus on developing high-yield crops, enhancing storage and supply chain infrastructure, and boosting pulse, oilseed, vegetable, and dairy production.

23 Jan 2025 4:25 pm