Explore Our Affordable Courses

Click Here

A Budget without a vision for agriculture

Context:

The 2023-24 budget has failed to address the twin crisis in agriculture in India, which includes food and fertilizer shortages.

Overview of Indian Agriculture Budget 2023

  • Twin crisis in food and fertilizer prices globally and domestically.
  • Union government’s objective to protect farmers and consumers and raise net income from cultivation.

Expectations from the Budget:

  • It must have protected farmers and consumers from the food and fertilizer crises;
  • It must have taken steps to raise net incomes from cultivation.

Disappointing Allocations

  • Fertilizer subsidies have also been cut from ₹2.25 lakh crore to ₹1.75 lakh crore. 
  • Allocation for the Mahatma Gandhi National Rural Employment Guarantee Scheme has been cut from ₹73,000 crore in 2022-23 (BE) to ₹60,000 crore in 2023-24 (BE).
  • No relief for farmers in terms of compensatory rise in output prices
  • No scientific validation for the promotion of natural farming.

Capital Expenditure

  • Utter neglect in capital investment in agriculture
  • Requirement of capital investment in irrigation and markets (mandis)
  • Total capex of government in 2022-23 was ₹7.5 lakh crore
  • Allocation under capital accounts of crop husbandry, animal husbandry, dairy and fisheries was ₹119 crore in 2022-23
  • Expected to fall to ₹84.3 crore in 2023-24
  • Budgeted allocation for irrigation and flood control was ₹350 crore in 2022-23 and expected to fall to ₹325 crore in 2023-24
  • Agriculture Infrastructure Fund (AIF)

Lack of Capital Expenditure

  • Neglect in allocation for capital investment in agriculture
  • Allocations for various schemes not listed in Budget documents
  • Fragmented allocations thinly spread across departments with limited impact on agriculture

Conclusion

  • Budget fails to address pressing problems in Indian agriculture
  • Lack of scientific and grounded vision in quantum and direction of allocations.

News Source: The Hindu

To get PDF version, Please click on "Print PDF" button.

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

Download October 2024 Current Affairs.   Srijan 2025 Program (Prelims+Mains) !     Current Affairs Plus By Sumit Sir   UPSC Prelims2025 Test Series.    IDMP – Self Study Program 2025.

 

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

      

Download October 2024 Current Affairs.   Srijan 2025 Program (Prelims+Mains) !     Current Affairs Plus By Sumit Sir   UPSC Prelims2025 Test Series.    IDMP – Self Study Program 2025.

 

Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">







    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.