Madhya Pradesh Government Gives Funds to Agriculture Sector in Budget

The BJP government in Madhya Pradesh has initiated several important schemes for farmers, which are significantly benefiting them. Concurrently, the Madhya Pradesh government has introduced the interim budget for the fiscal year 2024-25. In this budget, the state government has allocated approximately 9,588 crore rupees for the agriculture sector. It is anticipated that this budget will play a crucial role in supporting both farmers and the agriculture sector. Let explore the provisions made for the agriculture sector in this budget.

Allocation of 963 crore rupees for the Energy Department:

the interim budget, the Madhya Pradesh government has earmarked the necessary funds for various departments including energy, animal husbandry, horticulture, cooperation, water resources, and the Narmada Valley.

Provision for the Link Scheme:

Under the Atal Agriculture Jyoti Yojana, the Energy Department provides grants to electricity companies to offer affordable electricity. Several projects aimed at expanding irrigation facilities are underway in the state. The central budget has allocated 3,000 crore rupees for the Ken Betwa Link Project, with the state's share being assigned by the Water Resources Department.

Allocation of 443 crore rupees to the Cooperation Department:

A significant amount has also been allocated for the development of the Narmada Valley. The Cooperation Department will receive 443 crore rupees to provide interest-free loans to farmers. To boost farmers' income while fulfilling the commitments of the Sankalp Patra 2023, the Durgavati Shri Annapurna Yojana is being implemented to promote the cultivation of coarse grains. Farmers will receive incentives per quintal under this scheme.