Monday, 3 February 2025

Government Announces Key Initiatives for Agricultural Productivity and Resilience in Budget 2025-26

Government Announces Key Initiatives for Agricultural Productivity and Resilience in Budget 2025-26

The Union Budget for 2025-26 outlines several proposals aimed at boosting agricultural productivity and resilience. The specific initiatives include:

Prime Minister Dhan-Dhaanya Krishi Yojana
Inspired by the Aspirational Districts Programme, this scheme will be launched in collaboration with state governments.

  • Coverage: 100 districts with low productivity, moderate crop intensity, and below-average credit parameters.
  • Expected Impact: The initiative is expected to benefit 1.7 crore farmers across the country.
  • Key Focus Areas:
    • Enhancing agricultural productivity.
    • Promoting crop diversification and sustainable farming practices.
    • Expanding post-harvest storage facilities at the Panchayat and Block levels.
    • Improving irrigation infrastructure.
    • Facilitating access to both long-term and short-term credit.

Building Rural Prosperity and Resilience Program

  • Purpose: This program, launched in partnership with states, aims to address underemployment in the agricultural sector.
  • Key Focus Areas:
    • Skilling, investment, and technology to energize the rural economy.
    • Modernizing agriculture to enhance productivity and improve warehousing.
  • Target Beneficiaries: Rural women, young farmers, marginal and small farmers, and landless families.
  • Implementation Strategy: The program will adopt global and domestic best practices, with technical and financial support from multilateral development banks.
  • Phase-1: Focus will be on 100 developing agricultural districts.

‘Grameen Credit Score’ Framework
Public Sector Banks will develop a framework to meet the credit needs of Self-Help Group (SHG) members and rural residents.

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