Budget Expectation 2024-25: Deepak Bhardwaj

“Under the Modi 3.0 government, the agritech industry is set for a transformative leap, with significant investments poised to revolutionize Indian agriculture. To support the deepening of drone penetration at the grassroots level, government subsidies will play a crucial role. Additionally, increased curbs on foreign-made drones and their parts will benefit Indian drone manufacturers under the Make in India initiative. Innovations in precision farming, data analytics, and smart irrigation systems will enhance productivity and sustainability. Leveraging AI and IoT, farmers can make data-driven decisions, optimize resource use, and reduce environmental impact. The ease of documentation and faster file processing and approvals under the Agriculture Infrastructure Fund (AIF) scheme are expected to further drive this transformation. These advancements will improve yield quality and quantity while empowering farmers with better market access and financial stability. The Modi government may introduce a Rs 750-crore Agri-SURE fund for agri-startups and accelerate the AIF and the Integrated Scheme for Agricultural Marketing. A robust agritech ecosystem will boost food security, rural development, and overall agricultural growth, positioning India as a global leader in sustainable farming practices.”