Budget 2025: Agriculture seeks market reforms, higher PM-KISAN payouts & widened MSP coverage

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Budget 2025: Agriculture seeks market reforms, higher PM-KISAN payouts & widened MSP coverage - Economic Times

Quick Summary:

Farming stakeholders have high hopes for Budget 2025, expecting it to tackle the sector's most pressing concerns, such as market reforms, modernisation, market access and targeted investments.

Additional expectations include zero-premium crop insurance for farmers, higher PM-KISAN payouts of 12,000 Rs annually, reduced loan interest rates for KCC to 1%, and increased allocation for investments in rural logistics, irrigation, and market linkages,” adds Pareek.

Tarun Ahuja, Founder & CEO, And Fungi, a provider of premium, home-grown mushrooms, hopes for enhancements in crop insurance schemes, which should aim for broader coverage and more efficient claims processing.“In terms of fertiliser subsidies, it's crucial to maintain support, especially for biofertilisers and biopesticides, as these promote sustainable farming practices.