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Agriculture Ministry Gets Boost in Budget 2021

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The Agriculture and Farmer's Welfare Ministry has got more budgetary allocations of Rs 1,31,531 crore for the fiscal year 2021 - 2022. Out of the allocations, half of it will be spent on the flagship PM-KISAN scheme and marginally higher funds will be set aside for agri-infra fund and irrigation programmes.

 

With this the agriculture ministry's revised budget is forecasted to be Rs 1,24,519 crore for the year 2021 - 22, notes Finance Minister Nirmala Sitharaman.

The Budget document states that the allocation for 10 central schemes has been increased marginally to Rs 1,05,018.81 crore for 2021-22 from the revised estimate of Rs 1,03,162.30 crore for the current fiscal year.

Agriculture Ministry Gets Boost in Budget 2021

A major allocation has been made towards PM-KISAN to the tune of Rs 65,000 crore. Under this flagship, the government provides Rs 6,000 to each registered farmer-beneficiaries in three equal instalments.

For the Pradhan Mantri Annadata Aay Sanrakshan Yojana or PM-AASHA, the budget allocations have been increased to Rs 1,500 crore for the next fiscal year from the revised estimate of Rs 996 crore allocated during fiscal 2020 - 21.

 

Other than allocations made for 10 central schemes, funds are allocated for autonomous and regulatory bodies.

The government has expanded allocation to the Ministry of Fisheries, Animal Husbandry and Dairying to Rs 4,820.82 crore as against Rs 3,918.31 crore allotted in the revised estimate for the current fiscal year.

GoodReturns.in

Story first published: Monday, February 1, 2021, 18:48 [IST]
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