Sunday, 12 January 2025
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AgricultureIndia

Indian Agriculture Sector Hopes for Transformative Budget 2025 Reforms

  • Stakeholders seek lower loan interest rates, doubled PM-KISAN installments, and GST relief on farming essentials.
  • Investment in infrastructure, such as cold storage and sustainable farming practices, is highly anticipated.
  • Platforms like eNAM and Agri E-commerce are expected to receive increased budget support for trade improvements.

The Indian agriculture sector is hoping for significant reforms in the 2025 Union Budget to address long-standing challenges and promote sustainable growth. Key expectations include lowering agriculture loan interest rates to 1%, doubling the PM-KISAN annual installment to Rs 12,000, and implementing a zero-premium crop insurance scheme for small farmers.

Investment in infrastructure is another major demand, particularly in cold storage and transportation systems. This would help reduce post-harvest losses and improve the sector’s competitiveness in global markets.

Budget 2025: A Critical Moment for India’s Agricultural Reforms

In the upcoming 2025 Union Budget, the Indian agriculture sector is looking for bold measures to improve farmers’ livelihoods. Lowering loan interest rates and increasing PM-KISAN installments are top priorities, as these initiatives would provide essential financial support. There is also a strong call for a zero-premium crop insurance scheme to protect small farmers against unforeseen crop failures, which could significantly improve their financial security.

Infrastructure development is another critical area, with stakeholders urging the government to prioritize investments in cold storage, transportation, and technology adoption. These improvements would reduce post-harvest losses and allow Indian agricultural products to become more competitive in the global market. Additionally, pushing for water-efficient agricultural practices and increasing pulse consumption aligns with India’s sustainable development goals and could contribute to long-term agricultural resilience.

The 2025 Union Budget presents a unique opportunity to address the challenges faced by India’s agriculture sector. By implementing strategic reforms, the government can support farmers’ income, improve infrastructure, and drive sustainability for years to come.

The article emphasizes the need for investments in infrastructure and technology to reduce post-harvest losses and improve agricultural exports, resonating with Janardhan Swahar’s quote: “

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