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Agriculture And Farmers Welfare Initiatives : Union Budget 2023

Agriculture And Farmers Welfare Initiatives: Union Budget 2023

During the Budget speech Union finance Minister announced multiple schemes towards Agriculture and Farmers’ Welfare.

Key initiatives announced are:

PM PRANAM (Prime Minister Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth)

  • This programme will seek to incentivise states and union territories to promote alternative fertilisers and the balanced use of chemical fertilisers.

Bhartiya Prakritik Kheti Bio-Input Resource Centres

  • Under this10,000 Bio-Input Resource Centres will be set up, creating a national-level distributed micro-fertiliser and pesticide manufacturing network.
  • This will impact over 1 crore farmers over the next three years.

Agriculture Accelerator Fund

  • The Fund will aim at bringing innovative and affordable solutions for challenges faced by farmers.
  • It will also bring in modern technologies to transform agricultural practices, and increase productivity and profitability.”
    Cotton crop productivity enhancement
  • Union government will adopt a cluster-based approach to enhance the cotton crop.
  • To enhance the productivity of extra-long staple cotton, the government will adopt a cluster-based and value chain approach through Public Private Partnerships (PPP).

Centre of excellence for millets

  • Indian Institute of Millet Research, Hyderabad will be made into a Centre for Excellence and it will be supported for sharing best practices, research and technologies at the international level.
  • Agriculture credit to be increased
  • The agriculture credit target will be increased to Rs 20 lakh crore with a focus on animal husbandry, dairy, and fisheries.

GOBARdhan scheme

  • Five-hundred new ‘waste to wealth’ plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme will be established for promoting a circular economy.