Allocation To Agriculture Budget Raised, Over Rs 1.25 Lakh Crore Now, Says PM Modi

Allocation To Agriculture Budget Raised, Over Rs 1.25 Lakh Crore Now: PM Modi

PM Modi highlighted that the Budget focuses on agri-tech startups.

New Delhi:

Prime Minister Narendra Modi on Friday mentioned the Union Budget 2023-24, like within the earlier 8-9 years, focuses on the agriculture sector, and steps are being taken to cut back India’s import dependence on oilseeds and edible oils.

Addressing a post-budget webinar with stakeholders of agriculture and cooperative sectors, PM Modi mentioned India’s agriculture funds has elevated many-folds to Rs 1.25 lakh crore.

“Before we got here to energy in 2014, the funds for the agriculture sector was lower than Rs 25,000 crore. Today the nation’s agriculture funds is greater than Rs 1.25 lakh crore,” he mentioned.

He mentioned the federal government has been engaged on a mission mode to spice up home manufacturing of pulses and oilseeds. He famous that India spends round Rs 1.5 lakh crore on import of cooking oil.

PM Modi additionally highlighted that the Budget focuses on agri-tech startups and an accelerator fund too has been proposed to create new funding avenues for them.

He noticed that the variety of startups within the agriculture sector has elevated to greater than 3,000 from virtually negligible 9 yr in the past.

PM Modi additionally mentioned a brand new revolution is happening within the cooperative sector. He additional mentioned the cooperative sector, which was solely restricted to some states earlier, is now being expanded throughout the nation.

This was the second webinar addressed by the Prime Minister. On Thursday, he had elaborately spoken on the subject of inexperienced development. In all, he’s scheduled to handle 12 post-budget webinars until March 11.

The webinars are being organised by numerous ministries/departments to construct on the “Saptarishi” priorities outlined within the Union Budget 2023-24.

The thought of post-budget webinars was conceptualised by the Prime Minister to carry collectively all stakeholders for bringing synergy in implementation of Budget bulletins, an official assertion had mentioned earlier this week.

Finance Minister Nirmala Sitharaman introduced the Union Budget within the Lok Sabha on February 1.

(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

Featured Video Of The Day

RBI Proposes To Launch Code-Based Coin Vending Machine In 12 Cities

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Shopping Cart