Ministry of Agriculture obtains 5.63% more budget for FY22; half for PM-Kisan

Ministry of Agriculture and Farmers Welfare has 5.63% more budget allocation to Rs 131,531 crore for 2021-22 with half to be spent on flagship PM-KISAN scheme with slightly higher funds made available for agricultural infrastructure funds and irrigation programs.

The revised budget of the ministry is estimated at Rs 1,24,519 crore for the current fiscal year 2020-21, according to the Budget 2021 document presented in Parliament by Finance Minister Nirmala Sitharaman.

Of the total allocation made for the next fiscal year to the ministry, Rs 1,23,017.57 crore has been allocated to the Department of Agriculture and Farmers Welfare and Rs 8,513.62 crore to the Department of Agricultural Research and Education.

According to the budget document, the allocation for 10 core schemes has been increased marginally to Rs 1,05,018.81 crore for 2021-22 from the revised estimate of Rs 1,03,162.30 crore for the current fiscal year.

Among the key central schemes, a significant allocation of Rs 65,000 crore has been made for PM-KISAN, under which the government provides Rs 6,000 to each beneficiary in three equal installments to registered farmers.

The allocation for Pradhan Mantri Annadata Aay Sanrakshan Yojana (PM-AASHA) has been increased to Rs 1,500 crore for the next fiscal year from the revised estimate of Rs 996 crore for 2020-21.

Similarly, the allocation for the training and promotion of 10,000 farmers and producer organizations (FPOs) was increased from Rs 250 million to Rs 700 million, while the agricultural infrastructure fund was increased from 208 million rupees to 900 million rupees.

In addition to ten central schemes, the government has also allocated funds for regulatory and autonomous bodies.

In addition, the government has allocated funds for more than 18 centrally sponsored schemes under which funds are provided to states and union territories for their implementation.

For example, the allocation for Pradhan Mantri Krishi Sinchai Yojana (PMKSY) – Per Drop More Crop has been increased substantially to Rs 4,000 crore from Rs 2,563 crore in the revised estimate for 2020-21.

With regard to other related ministries, the government increased the allocation to the Ministry of Fisheries, Animal Husbandry and Dairy to Rs 4,820.82 crore from Rs 3,918.31 crore in the revised estimate for the current fiscal year.

The allocation for the Ministry of Food Processing Industries has also been increased marginally to Rs 1,308.66 crore for 2021-22 from Rs 1,247.42 crore, the document added.

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