About the Union Budget Agricultural sector 2023-2024. In short it briefs about the new budget line in the agricultural sector , India. All the schemes, policies and inclusions made by government for the development of the agricultural sector.

1. Implications of Union Budget 2023-
2024 on Agricultural sector &
Cooperatives
Sabka saath Sabka vikas -
Inclusive developement

2. Introduction
Union Budget is the yearly
procedure adapted by
Indian Parliamentary
system.
Here we are going to see
about how the 2023 - 2024
FY union budget support
farmers welfare and
agricultural development.
1.25 lakh crore has
been allocated for
the ministry of
Agriculture and
farmers welfare in
union budget.
Implications

3. Digital Public Infrastructure for agriculture will be
built as an open source and standard.
Enables former centric solutions through relevant
information.
Agriculture Accelerator Fund will be set up to
encourage young entrepreneurs of rural areas.
Enhance productivity of cotton crops by
culture based and value chain approach
through public private partnership.

4. Atmanirbhar clean
plant program
With an outlay of
Rs.2,200 crores
Agricultural
Sector
Global hub for millets :
Shree Anna

5. Dwelling on Welfare measures with credit target
20lakhs crores.
Includes animal husbandry, dairy and fisheries
by launching a new subscheme of PM Matsya
Sampada Yojana
Massive decentralized storage capacity to help
farmers store their produce and realize
remunerative prices trough sales at appropriate
time.
Cooperative based economic development
model to realize the vision of Shakar Se
Samridhi.

6. While overall budget rate grown at CAGR 11%
past decade allocations have increased at a
CAGR 12%
While sector got 3.36% of total allocation
credit target last year is 18 lakh crores
reduced to 2.7% of total budget this year
credit target this year is 20 lakh crores with special
focus on animal husbandary, dairies & fishiries.

7. Fertilizer subsidy drop by 22.2% in this Financial year
due to drop in global rate.
Market Intervention Scheme & Price Support (MIS-
PSS) is reduced from 1500 crores to 1 lakh complete
reduce.
NO changes in PM Kisan direct transfer
Role of technology plays special focus in this
agricultural sector.
To encourage 1crore farmers to adapt to natural
farming using PM-PRANAM GOBARDHAN scheme.
Framers income has not been adressed.

8. Thank You