Hindustan Times

Karnataka chief minister Siddaramaiah, who also holds the portfolio of state finance minister, will present the state budget on Friday in the ongoing assembly session, people familiar with the matter said on Thursday. This marks his 15th budget presentation and his eight as chief minister, a record in the state.

Hindustan Times

The state government will push for new innovative schemes in the upcoming budget to increase agricultural yield and boost farmer income in the next two years, chief minister (CM) Sukhvinder Singh Sukhu said on Sunday. The CM was interacting with milk producers of the state at Hotel Peterhoff in Shimla, where he said the government was encouraging agriculture as an industry to make the farmers self-reliant.

CNBC TV18

Agriculture Minister Arjun Munda on Tuesday said in Parliament that 23.38 lakh farmers have been enrolled under the farmers’ pension scheme PMKMY so far.

News 18

In this year’s Interim Budget, the allocation for the Agriculture Ministry for the fiscal year 2024-25 has been earmarked at Rs 1.27 lakh crore, marking an increase from the revised estimates of Rs 1.16 lakh crore in 2023-24 and the budget estimates of Rs 1.15 lakh crore for the same period. The budget reaffirms a commitment to enhance various initiatives aimed at value addition in the agricultural sector, empowering women, and augmenting the incomes of farmers.

Money Control

Finance Minister Nirmala Sitharaman on Thursday announced plans to increase milk and dairy production in the country. India is the largest milk producer in the world but there is low productivity, the finance minister said

Money Control

The agricultural technology (agritech) industry’s founders and investors have welcomed the government’s emphasis on public-private partnerships for post-harvest innovation in the interim budget for 2024. Finance Minister Nirmala Sitharaman, in her announcement of the interim budget for 2024, emphasised the government’s intentions to encourage both private and public investment in post-harvest activities. This includes areas such as aggregation, modern storage, efficient supply chain, primary and secondary processing, marketing, and branding.

Millennium Post

The government has allocated Rs 1.27 lakh crore budget for the Ministry of Agriculture for 2024-25, marginally higher than the current fiscal. According to the budget document, the agriculture ministry has been allocated Rs 1,27,469.88 crore for 2024-25 financial year, of which the Department of Agriculture will get Rs 1,17,528.79 crore while the Department of Agricultural Research and Education (DARE) Rs 9,941.09 crore.

Money Control

Experts expect an increase in institutional credit to the agriculture sector in the interim Budget, as was seen in last year’s Budget. However, it is not clear how marginal farmers will benefit from it. Hence some announcements specifically benefiting the marginal are also expected.

Business Standard

The performance of agriculture and the rural economy is important as around 70 per cent of the population and workforce reside in rural areas. Increasing their purchasing power is crucial for creating demand in the entire economy. In this context, let’s examine the present state of agriculture, rural economy, and expectations from the interim Budget for 2024-25.

MoneyControl

The government is likely to increase allocations for the farmer and agriculture schemes in the budget 2024-25. The yearly allocations for the Department of the Agriculture and Farmers Welfare more than doubled from FY19 as the government implemented the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan), a scheme that gives farmers an income support of up to Rs 6,000 per year.