Union Budget 2025 Agriculture Expectations: More than 45 percent of India's population works in the agriculture sector, while it contributes only more than 15 percent to the GDP. The Union Budget will be presented on February 1, in which major announcements related to increasing the share of agriculture are expected to be made. Recently, Finance Minister Nirmala Sitharaman has also held a meeting with the representatives of the farmers, in which the farmers put forward their demands. Let us know how the condition of the farmers of the country can improve with the upcoming budget.

According to the Economic Survey 2023-24, based on constant price, the Indian agriculture sector has achieved an average growth rate of 4.18 percent annually in the last five years. This figure shows a good picture of the future of the agriculture sector, but the ground reality looks different from this.

Legal guarantee of MSP

Farmers in India are facing many problems. Its example can be seen in the thousands of farmers gathered on the Punjab and Haryana border. These farmers demand that the government give a legal guarantee of Minimum Support Price (MSP). On February 1, Finance Minister Nirmala Sitharaman will present the Union Budget 2025, in which everyone will also keep an eye on MSP.

Big demands of farmers

Farmers also have high hopes for the upcoming budget. Farmers want them to get loans at low interest rates. Apart from this, the installment of PM Kisan Samman Nidhi should be doubled and tax should be cut. Emphasis should be laid on improving the condition of farmers through market reform.

In the Union Budget, the farmers of the country want the government to fulfill these demands.

The interest rate of agricultural loans should be reduced to at least 1 percent.

The annual installment of PM Kisan Samman Nidhi should be increased from Rs 6,000 to Rs 12,000.

Under the Pradhan Mantri Fasal Bima Yojana, a crop insurance scheme should be introduced for small farmers at zero premium.

GCT should be waived on seeds, agricultural machinery, and fertilizers.

According to ET, the PHD Chamber of Commerce and Industry has demanded the government reduce the GST rate on pesticides from 18 percent to 5 percent.

This is how the agriculture sector will grow

Experts have also given some proposals to the government to improve the condition of farmers. According to them, weather-friendly seeds should be made available for crops like cotton and oilseed.

Constant changes in policies related to farmers should be avoided, and emphasis should be placed on exports. The government can also help farmers by promoting biofuel and ethanol. Apart from this, work can be done in the interest of farmers by increasing funds for Research and Development (R&D).

All these steps will help in increasing the income of farmers and bringing growth in the agriculture sector. Now it remains to be seen how much the first full budget of the third term of the NDA government meets the expectations of the farmers.

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