Budget 2024: Focus on Agriculture Research Setup for Raising Productivity, Varieties

As part of measures to enhance productivity and resilience in Agriculture, Union Budget 2024-25 has announced several measures including thrust on agriculture research, promotion of natural farming and national cooperation policy.

The Union Minister for Finance Nirmala Sitharaman has said that the Government will undertake a comprehensive review of the agriculture research setup to bring the focus on raising productivity and developing climate resilient varieties.

While presenting the Union Budget 2024-2025 in the Parliament on Tuesday, she said funding will be provided in challenge mode, including to the private sector. The Union Minister added that domain experts both from the Government and outside will oversee the conduct of such research.

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

The finance minister also announced that in the next two years, one crore farmers across the country will be initiated into natural farming supported by certification and branding. She said implementation will be through scientific institutions and willing gram panchayats and 10,000 need-based bio-input resource centres will be established for the purpose.

The Union Minister said that Government will bring out a National Cooperation Policy for systematic, orderly and all-round development of the cooperative sector. She said that fast-tracking growth of rural economy and generation of employment opportunities on a large scale will be the policy goal.