Latest news with #DepartmentofAgricultureandFarmers'Welfare
Time of India
3 days ago
- Business
- Time of India
Farm reset: Government says agriculture sector reshaped in 11 years, budget surged five-fold since 2013 & crop output jumped
A surge in budget allocation and sustained policy focus over the past 11 years has led to a wide-ranging transformation in India's agricultural sector, the Centre said on Saturday, crediting flagship schemes with driving output, procurement, and farmer support to new highs. In an official statement, the government said its agri reforms have empowered farmers and repositioned India on the path from food security to global agricultural leadership. The transformation, it said, has focused on inclusive development — covering smallholders, women-led groups, allied sectors, and traditional practices such as millet farming. 'Over the past eleven years, under Prime Minister Narendra Modi's leadership, India's agricultural sector has undergone a profound transformation, rooted in the philosophy of Beej Se Bazaar Tak (seed to market),' the statement said, quoted PTI. Budgetary support for the Department of Agriculture and Farmers' Welfare has risen nearly five times — from Rs 27,663 crore in 2013-14 to Rs 1,37,664.35 crore in 2024-25. Foodgrain output also recorded an increase from 265.05 million tonnes in 2014-15 to an estimated 347.44 million tonnes in 2024-25. The government said it has sharply increased minimum support prices (MSP) for key crops. Wheat MSP rose from Rs 1,400 per quintal in 2013-14 to Rs 2,425 per quintal in 2024-25, while the paddy MSP increased from Rs 1,310 to Rs 2,369 per quintal between 2013-14 and 2025-26. Since its launch in 2019, the PM-KISAN scheme has disbursed Rs 3.7 lakh crore to over 110 million farmers. Separately, about Rs 10 lakh crore in credit has been sanctioned to 7.71 crore farmers under the Kisan Credit Card initiative. Crop procurement volumes have seen a sharp uptick. Kharif procurement between FY15 and FY25 totalled 787.1 million tonnes, compared with 467.9 million tonnes in the previous decade. MSP procurement of pulses jumped from 1.52 lakh tonnes (2009–2014) to 8.3 million tonnes (2020–2025), while oilseeds procurement has grown multifold over the same period. The Centre highlighted additional measures such as investments in modern irrigation, digital agri-marketplaces, tech-led solutions, and credit support. Allied sectors like dairy and fisheries have also expanded during the period. 'As India enters Amrit Kaal, its empowered farmers stand ready to lead the nation from food security to global food leadership,' the government said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Business
- Time of India
India's agri sector transformed by five-fold budget surge over 11 years: Govt
India's agricultural sector has undergone a "profound transformation" over the past 11 years through various government schemes and increased budgetary allocations, empowering farmers to lead the nation from food security to global food leadership , the government said on Saturday. The transformation has focused on inclusivity by supporting small farmers, women-led groups and allied sectors while positioning India as a global agricultural leader, according to an official statement. "Over the past eleven years, under Prime Minister Narendra Modi's leadership, India's agricultural sector has undergone a profound transformation, rooted in the philosophy of Beej Se Bazaar Tak (seed to market)," the government said. Budget estimates for the Department of Agriculture and Farmers' Welfare have risen from Rs 27,663 crore in 2013-14 to Rs 1,37,664.35 crore in 2024-25, an increase of nearly five times, it added. Also Read: Onion prices rise 20% in past two weeks as rains damage crop Live Events India's foodgrain production grew from 265.05 million tonnes in 2014-15 to an estimated 347.44 million tonnes in 2024-25, showing strong growth in agricultural output. The government has also increased minimum support prices (MSP) significantly. MSP for wheat rose from Rs 1,400 per quintal in 2013-14 to Rs 2,425 per quintal in 2024-25, while paddy prices increased from Rs 1,310 per quintal in 2013-14 to Rs 2,369 per quintal in 2025-26. Under the PM-KISAN scheme launched in February 2019, the government has disbursed Rs 3.7 lakh crore to more than 110 million farmers. The Kisan Credit Card scheme has provided about Rs 10 lakh crore in credit to 7.71 crore farmers. Procurement data shows improvement across crops. Kharif crop procurement totalled 787.1 million tonnes between FY15 and FY25 compared to 467.9 million tonnes in the previous decade from 2004-05 to 2013-14. Pulses procurement at MSP increased significantly from 1,52,000 tonnes during 2009-2014 to 8.3 million tonnes during 2020-2025, while oilseeds procurement at MSP increased multifold over the past 11 years. The government's approach has focused on modern irrigation, credit access, digital marketplaces and agri-tech innovations while reviving traditional practices like millet cultivation and natural farming. Allied sectors, including dairy and fisheries, are also expanding. "As India enters Amrit Kaal, its empowered farmers stand ready to lead the nation from food security to global food leadership," the statement said.
