Union Budget 2024-25 Focuses on 'Annadata' with New Initiatives for Agri-Tech and Value Chains
February 1, 2024
The Union Budget 2024-25 continued the government's emphasis on farmer welfare and agricultural modernization. Key announcements included increased allocation for the Agriculture Infrastructure Fund, a push for digital public infrastructure for agriculture, and schemes to promote value addition and reduce post-harvest losses. There was also a renewed focus on promoting private and public investment in post-harvest activities, including storage, processing, and marketing. From a UPSC perspective, this highlights the ongoing policy shift towards integrating technology, improving market linkages, and enhancing farmer income beyond just production support. Aspirants should analyze how these budgetary allocations align with the goal of sustainable and remunerative agriculture.
UPSC Angle: Analyze the budgetary provisions for agriculture in 2024-25, focusing on their potential impact on farmer income, agricultural productivity, and rural infrastructure. Evaluate the shift towards value chain development and digital agriculture. Connect these initiatives to the broader goal of 'doubling farmer income' and climate resilience.