Small farmers to benefit from this Budget: Agriculture Minister

Small farmers across the country will benefit from Budget 2023-24 in which emphasis has been laid on promoting modern farm technologies, Agriculture Minister Narendra Singh Tomar said on February 1.

Tomar said the overall budgetary allocation for his ministry has been increased to an estimated Rs 1.25 lakh crore for the 2023-24 financial year, which includes Rs 60,000 crore for the government's ambitious scheme PM-KISAN.

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"Small farmers will be benefited from the Budget. Emphasis has been laid on promoting the agriculture sector through technology," the minister said in a statement.

Also read: Budget 2023: New schemes for agri sector notwithstanding, little evidence of doubling of farmers’ income

Many important provisions have been made in the Budget for agriculture and farmers' welfare, including a hike in farm credit to Rs 20 lakh crore for the next fiscal, promotion of millets and startups, he added.

Small and marginal farmers with less than two hectares of land account for 86 percent of the total cultivators in India.

Also read: Budget 2023: Agriculture in climate change era just not getting the governmental spending it needs