PM: Agriculture budget rose 5 times since 2014 to Rs. 1.25 lakh crore

India’s agriculture sector’s annual budget has increased five-fold to Rs 1.25 lakh crore since 2014, Prime Minister Narendra Modi said, as he stressed that his government is focusing on progress of the farm sector and working on mission mode to reduce import dependence of food items like edible oils.

The Prime Minister was addressing a post-budget webinar on ‘Agriculture and Cooperatives’. It is the second of a series of 12 post-budget webinars organized by the government to seek ideas and suggestions for the effective implementation of the initiatives announced in the Union Budget 2023.

Modi also outlined the various steps announced in the budget to attract young talent in the sector, and expansion of the cooperative sector across the country.

He stressed that various decisions are being continuously taken in the budget to promote the agricultural sector so that the nation becomes ‘atmanirbhar’ and the funds used for imports can reach farmers.