Latest News | Small Farmers to Benefit from This Budget: Agriculture Minister

New Delhi, Feb 1 (PTI) Small farmers across the country will benefit from the Budget 2023-24 in which emphasis has been laid on promoting modern farm technologies, Agriculture Minister Narendra Singh Tomar said on Wednesday.

Tomar said the overall budgetary allocation for his ministry has been increased to an estimated Rs 1.25 lakh crore for the 2023-24 financial year, which includes Rs 60,000 crore for the government's ambitious scheme PM-KISAN.

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"Small farmers will be benefited from the budget. Emphasis has been laid on promoting agriculture sector through technology," the minister said in a statement.

Many important provisions have been made in the Budget for agriculture and farmers' welfare, including hike in farm credit to Rs 20 lakh crore for the next fiscal, promotion of millets and startups, he added.

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Small and marginal farmers with less than two hectares of land account for 86 per cent of the total cultivators in India.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)