Budget 2025 Expectation: Agriculture Leaders Seek GST Exemption On Biofertilizers And Biopesticides

A major portion of India's population depends on the agriculture sector for their livelihood making it one of the most significant sectors. Experts believe that the upcoming Union Budget should maintain its focus on enhancing productivity and developing the necessary infrastructure to ensure sustained growth in the agriculture sector, while also working towards increasing rural incomes. Financial Support For Agritech Startups Rohit Bajaj, Co-Founder of Balwaan Krishi, noted, “As we approach Budget 2025, it’s clear this is a pivotal moment to address key challenges and unlock the full potential of India’s agritech sector and MSME manufacturers. Agriculture, contributing nearly 18 per cent to the GDP and employing over 40 per cent of our workforce, remains under-optimised in innovation and technology adoption, while MSMEs drive more than 30 per cent of manufacturing output, often under financial and operational strain.” “Policy and financial support for agritech startups and MSMEs will be crucial. Subsidies of up to 50 per cent on capital expenditure and low-interest loans with extended repayment periods can ease financial pressures on startups and manufacturers alike, enabling investment in advanced technologies and tools,” he opined.