During the Budget speech Union finance Minister announced multiple schemes towards Agriculture and Farmers’ Welfare.


Key initiatives

  • PM PRANAM (Prime Minister Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth) —
    • This programme will seek to incentivise states and union territories to promote alternative fertilisers and the balanced use of chemical fertilisers.
  • Bharatiya Prakritik Kheti Bio-Input Resource Centres —
    • Under this 10,000 Bio-Input Resource Centres will be set up, creating a national-level distributed micro-fertiliser and pesticide manufacturing network.
    • This will impact over 1 crore farmers over the next three years.
  • Agriculture Accelerator Fund —
    • The Fund will aim at bringing innovative and affordable solutions for challenges faced by farmers.
    • It will also bring in modern technologies to transform agricultural practices, and increase productivity and profitability.”
  • Cotton crop productivity enhancement  —
    • Union government will adopt a cluster-based approach to enhance the cotton crop.
    • To enhance the productivity of extra-long staple cotton, the government will adopt a cluster-based and value chain approach through Public Private Partnerships (PPP).
  • Centre of excellence for millets —
    • Indian Institute of Millet Research, Hyderabad will be made into a Centre for Excellence and it will be supported for sharing best practices, research and technologies at the international level.
  • Agriculture credit to be increased —
    • The agriculture credit target will be increased to Rs 20 lakh crore with a focus on animal husbandry, dairy, and fisheries.
  • GOBARdhan scheme —
    • Five-hundred new ‘waste to wealth’ plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme will be established for promoting a circular economy.


Conservation strategies

  • MISHTI (Mangrove Initiative for Shoreline Habitats & Tangible Incomes) —
    • It is a new programme that will facilitate mangrove plantations along India’s coastline and on saltpan lands.
    • The programme will operate through “convergence between MGNREGS, Campa Fund and other sources.”
    • This new programme will aim at the intensive afforestation of coastal mangrove forests.
  • Amrit Dharohar —
    • This is a scheme that will be implemented over the next three years to encourage the optimal use of wetlands and enhance bio-diversity, carbon stock, eco-tourism opportunities and income generation for local communities.
    • Amrit Dharohar will emphasise the importance of wetlands and their preservation, with an outlook that is inclusive of local communities as caretakers of the ecosystem.