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Agri and allied sectors to drive AP's development
The New Indian Express Vishakapatnam
|March 01, 2025
Atchannaidu presents agri budget with ₹48,341 cr outlay; govt to promote 11 crops which will serve as growth engines
Agriculture Minister Kinjarapu Atchannaidu on Friday presented the Agriculture Budget for the financial year 2025-26 with an outlay of ₹48,341 crore. This is an increase from the previous year's outlay of ₹43,402.33 crore for FY 2024-25 and ₹41,149.87 crore for FY 2023-24.
The most notable announcement in the agriculture budget for FY 2025-26 is the 'Annadatha Sukhibhava—PM Kisan' scheme, one of the Super Six promises. Under the scheme, ₹20,000 per annum will be provided to farmers owning land, with ₹6,000 from the Union government. For landless farmers, the State government will cover the entire ₹20,000. A budget of ₹9,400 crore has been proposed for this scheme.
During the Kharif 2024 season, free insurance was implemented using e-Panta data. Starting from Rabi 2024-25, the voluntary enrollment system was reinstated, allowing farmers to join the crop insurance scheme for a minimal premium. The proposed budget for this scheme for FY 2025-26 is ₹1,023 crore.
This story is from the March 01, 2025 edition of The New Indian Express Vishakapatnam.
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