Budget 2025-26: Major Boost for Agriculture, Farmers, and Rural Development

On February 1, 2025, Union Finance Minister Nirmala Sitharaman presented the Union Budget for 2025-26. The budget includes several important announcements for various sections of society, including farmers, women, and youth. A provision of ₹1.71 lakh crore has been made for the agriculture and allied sectors, which is approximately ₹19,000 crore more than the previous year's budget. This year, special focus will be given to Pulse-Oilseed Missions, along with the cultivation of Makhana and Cotton.

Third Consecutive Increase in Agriculture Budget:

The Finance Minister has significantly increased the agriculture budget for the third consecutive year. A provision of ₹1.71 lakh crore has been made for the agriculture and allied sectors, up from ₹1.52 lakh crore in 2024-25 and ₹1.47 lakh crore in 2023-24. This clearly indicates the government's continued focus on strengthening the agriculture sector.

Rural Development Budget Remains Unchanged:

The rural development budget has not been increased this year. The Finance Minister has allocated ₹2.66 lakh crore for rural development in the financial year 2025-26, which is the same amount as last year. This fund will be used for improving rural roads, housing, employment, and infrastructure.

Major Announcements for Agriculture:

1. Pulse-Oilseed and Cotton Mission

• A six-year mission will be launched to make India self-reliant in pulses production.
• A special plan has been announced to boost oilseed production.
• A six-year mission will also be launched to increase cotton productivity.

2. Increase in Farmer Credit Card Limit:

• The loan limit for Farmer Credit Cards has been increased from ₹3 lakh to ₹5 lakh.

3. Establishment of Makhana Board and Food Institutes:

• A Makhana Board will be established in Bihar, which will benefit small farmers and traders.
• To promote the marketing and production of Makhana, FPOs (Farmer Producer Organizations) will be set up.

Other Significant Announcements:

1. A national campaign for high-yielding seeds will be launched.
2. A second gene bank will be established with over 10 lakh germplasm lines.
3. A five-year campaign has been announced to increase cotton production.
4. A 12.7 lakh metric ton fertilizer plant will be set up in Namrup, Assam.
5. A new framework for long-term fishery development will be introduced for Andaman and Nicobar Islands and Lakshadweep.

The Union Budget 2025-26 includes several important measures aimed at empowering the agriculture sector. With a focus on farmers' welfare, rural development, and increased agricultural productivity, the budget presents substantial support for the agricultural and rural economy. This budget will provide better economic support to farmers and improve the sustainability and growth of rural India.