Budget FY25: Does it have for rural-agri space?
3 months, 3 weeks ago

Budget FY25: Does it have for rural-agri space?

Hindustan Times  

This brief discusses that the budget for the rural-agrarian sector is heavily skewed towards welfare measures and raises questions whether this is the most effective use of these funds. Despite union government’s focus on rural areas through various schemes to build toilets, and houses, and provide drinking water, rural roads, electricity supply, and free rations, rural incomes are not improving at a rate that can create significant demand for non-agri products at a scale. This could involve building rural infrastructure or urban development, requiring massive investments in skill development for higher productivity jobs. With the rise in climate crisis-induced extreme weather events, India needs to invest in agriculture research and development and agri-extension towards climate-smart agriculture.

Rural Rural Incomes  ruralagri  rural  sector  incomes  ruralagrarian  space  agriculture  schemes  welfare  fy25  focus  shift  development  budget  does

History of this topic

Budget 2024: Spending on rural development increases marginally, but not all schemes benefit | Data
10 months, 3 weeks ago

Budget 2024: Spending on rural development increases marginally, but not all schemes benefit | Data

The Hindu  

February 01, 2024 05:44 pm | Updated 06:58 pm IST In FY25, the government is expected to spend ₹2,65,808 crore on rural development. For instance, in absolute terms, the government is expected to spend ₹86,000 crore in FY25 on the Mahatma Gandhi National Rural Employment Guarantee Act, the same amount when compared with FY24 revised estimates. In FY25, the government …

Farmers' Income Doubled in FY22 Against FY18 for Certain Crops: SBI Report
2 years, 5 months ago

Farmers' Income Doubled in FY22 Against FY18 for Certain Crops: SBI Report

News 18  

Farmers’ income doubled in the financial year 2021-22 as compared to 2017-18 for certain crops in some states, like soyabean in Maharashtra and cotton in Karnataka. This substantiates the trend as per the 77th National Sample Survey that source of farmer income has become increasingly diverse apart from crops,” SBI Research said in a report released on Sunday, titled ‘Special …

Budget will help increase rural consumption: FMCG makers
3 years, 10 months ago

Budget will help increase rural consumption: FMCG makers

Live Mint  

The FMCG industry on Monday said a special focus on the agriculture sector in the Union Budget will help increase rural consumption and sustain growth momentum. FMCG manufacturers -- like ITC, Emami, Marico and Jyothy Labs -- said it is encouraging capital infusion in infrastructure, divestment and restructuring of allocations without impacting consumers negatively. According to ITC Chairman & Managing …

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