Prime Minister Narendra Modi has asserted in a statement that his government has consistently allocated Rs. 6.5 lakh crore annually to the agriculture sector for the welfare of farmers. Whether it is ensuring the supply of fertilisers at more affordable rates compared to other countries, procuring large quantities of grains at the minimum support price (MSP), or directly depositing substantial amounts into the bank accounts of farmers under the PM-KISAN scheme, the government has actively participated in the agriculture sector during its second tenure.
India has attracted global attention from foreign investors due to its promising leadership and the emergence of new technologies, elevating its potential to reach new heights economically and culturally worldwide. The government's unwavering focus on subsidising agricultural equipment such as fertilisers, Drip Irrigation Systems, Tractors, Drones, etc., has led to significant growth in the agriculture sector compared to other sectors growing at a similar or better pace.
Modi emphasised the contributions of dairy cooperatives in making India the world's leading milk producer and the role of cooperatives in making India one of the top sugar-producing countries globally. The government has also made substantial efforts to reduce taxes on farmers and provide transparency in payment systems by consistently promoting digital transactions, which helps banks maintain control over their finances.
“Various measures have been taken to address the challenges faced by sugarcane farmers, including providing sugar mills with a package of Rs 20,000 crore to clear farmers' dues. Prioritising ethanol blending of petrol, the government purchased ethanol worth Rs 70,000 crore from sugar mills over the last nine years.” according to a report from the Economic Times.
Addressing the 17th Indian Cooperative Congress, The prime minister emphasised that food security should not be limited to wheat and rice, highlighting that India spends approximately Rs 2-2.5 lakh crore on importing edible oil and pulses.
In the 2024-25 budget, the government has outlined an ambitious plan to propel the agricultural industry to new heights, focusing on permanent solutions rather than temporary measures to address present problems. In January, Finance Minister Nirmala Sitharaman, speaking at the Vibrant Gujarat Global Summit 2024, stated, "India will be a $30 trillion economy by 2047." If this vision materialises, Indian Agriculture will undoubtedly be at the forefront of this achievement."
Comments
Post a Comment