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In 6 Years Agricultural Budget Has Increased Manifold: Modi

The Prime Minister noted the year 2023 is recognised as the International year of millets and called upon the corporate world to come forward in branding and promoting Indian millets

Photo Credit : PIB

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PM Kisan Samman Nidhi scheme has become a strong support for the small farmers of the country. Under the scheme, almost 1.75 lakh crore rupees have been given to 11 crore farmers, said Prime Minister Narendra Modi while addressing a webinar on the positive impact of union budget 2022 in agriculture sector.

Modi talked about many new systems spanning from seed to market and also about the reforms in the old systems in the agriculture sector. “In just 6 years the agricultural budget has increased manifold. Agriculture loans for farmers have also increased by two and half times in the last 7 years”, the Prime Minister added. 

He pointed out that during the difficult period of the pandemic, 3 crore farmers were given Kisan Credit Cards (KCC) as part of the special drive and the facility of KCC was extended to farmers engaged in Animal Husbandry and Fisheries. The micro-irrigation network has also been strengthened to the great benefit of the small farmers, he said.

"Farmers are giving record production and new records have been created in MSP purchases too. Due to encouragement to organic farming, the market for organic products has reached 11,000 crore, with exports rising to more than Rs 7,000 crore from Rs 2,000 crore 6 years ago," he said. 

The Prime Minister noted the year 2023 is recognised as the International year of millets and called upon the corporate world to come forward in branding and promoting Indian millets. 

Minister also asked for leveraging increasing awareness for an environmentally friendly lifestyle and resulting market for natural and organic products. He exhorted the KVKs to create awareness for natural farming by adopting a village each for promotion of natural farming.

The Prime Minister stressed that artificial intelligence (AI) is going to completely change the trend related to agriculture and farming in the 21st century. Increasing use of drones in farming is part of this change. “Drone technology will be available on a scale only when we promote agri-startups. In the last 3-4 years, more than 700 Agri Startups have been created in the country," he added.

The Webinar was focused on ‘Smart Agriculture’- Strategies for implementation. Concerned Union Ministers, representatives of state governments, representatives from industry and academia and farmers through various Krishi Vigyan Kendras were present on the occasion.