Budget 2024: Agriculture sector gets ₹1.52 lakh crore allocation, announces FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on July 23 presented the Union Budget 2024. While presenting the Budget 2024, the finance minister said that ₹1.52 lakh crore will be alloted for agriculture sector. Moreover, the minister added that the government will release new 109 high yielding, climate resilient seeds for 32 field and horticulture crops.

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“ ₹1.52 lakh crore allocated for the agriculture sector could benefit rural demand for automobiles - particularly entry-level two-wheelers and tractors,” said FM.

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She added, "New 109 high-yielding and climate resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers. In the next 2 years, 1 crore farmers will be initiated into natural farming supported by certification and branding…”

In addition to this, Finance Minister added that government in partnership with states will promote digital public infrastructure for agriculture.