Moneycontrol PRO
HomeNewsBusinessEconomyBudget 2022: Kisan Drones to be used to technologically advance farming sector

Budget 2022: Kisan Drones to be used to technologically advance farming sector

Budget 2022: These drones will be used for crop assessments, land records and spraying of insecticides.

February 01, 2022 / 13:25 IST
India, home to 1.3 billion people spread across some 3.2 million square kilometres (1.15 million square miles), is the world's seventh-largest country by land mass. "Drone technology would have a huge impact in those areas where emergency medicines and vaccines could be supplied," co-founder of lobby group the Drone Federation of India, Vipul Singh, told AFP. (Image: AFP)

Finance Minister Nirmala Sitharaman in her Union Budget Speech for the upcoming fiscal year has announced that Kisan drones will be used to drive a wave of technology in the agriculture and farming sector.  These drones will be used for crop assessments, land records and spraying of insecticides.

Finance Minister Nirmala Sitharaman presented the Union Budget for the upcoming fiscal year of April 2022- March 2023 in Parliament on February 1. This is the fourth budget that Sitharaman is presenting and third budget being presented while India still reels under the impact of the COVID-19 pandemic.

Follow all live updates of Union Budget 2022 here

"This budget seeks to lay the foundation and a blueprint to steer the economy over 'Amrit Kaal' of the next 25 years from India at 75 to India at 100", said the FM while presenting the budget.

She also announced a series of other schemes and reforms to deal with India’s chronic agrarian distress. These include- Ken Betwa Linking project which will provide irrigation benefits to 9.0 lakh hectare farmland, drinking water supply to 62 lakh people, 103 MW hydropower, and 27 MW solar power generation. The total estimated cost of the project is at Rs 44,605 crore.

The FM further added that funds will be facilitated through NABARD to finance startups for agriculture and rural enterprise, relevant for the farm produce value chain. Startups will support FPOs and provide tech to farmers.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

Moneycontrol News
first published: Feb 1, 2022 11:34 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347