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Budget 2024: What's in it for agriculture?

Union Finance Minister Nirmala Sitharaman said she has allocated about ₹ 1.50 lakh crore to the agriculture sector. Almost all major schemes for farmers have seen an increase in allocation compared to her previous budgets. However, the fertilisers subsidy is down by about Rs.1 lakh crore when compared to the actual expenditure in 2022-23. To address the price rise, the Finance Ministry has also provided ₹ 10,000 crore to the price stabilisation fund. Farmers are supposed to get a benefit of this fund. In the last budget, the allocation for this fund was just ₹ 10 lakh. The fertilisers ministry will get about Rs 1.64 lakh crore in this financial year. In 2022-23, the Ministry spent about Rs 2.51 lakh crore to ensure fertilisers for farmers. It has to be seen how farmers’ organisations such as the Samyukt Kisan Morcha will look into these suggestions especially when their demand for a statutory minimum support price does not find a place in this budget too. Read more: https://www.thehindu.com/business/bud... Thank you for watching our video! Budget 2024 playlist:    • Union Budget 2024   You can subscribe to our channel here: https://bit.ly/3c8Adi6 Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more. You can also download our apps: Android: https://bit.ly/3nboBEi iOs: https://apple.co/3EDCwt4 The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz Follow us: Twitter:   / the_hindu   Instagram:   / the_hindu   #budget2024 #unionbudget2024 #agriculture