The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, places a strong emphasis on the agricultural sector. With a vision to strengthen farmers’ livelihoods, improve productivity, and ensure financial stability, several new initiatives and extensions of existing schemes have been announced. This blog explores the key highlights for farmers in this year’s budget.
1. Extension of Crop Insurance Schemes
The government has extended the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather-Based Crop Insurance Scheme (RWBCIS) until 2025-26. With an allocated budget of ₹69,515.71 crore, these schemes provide risk coverage against crop failures due to natural calamities. Farmers will continue to receive financial protection, ensuring that unpredictable weather conditions do not lead to economic distress.
2. Fund for Innovation and Technology in Agriculture
The government has introduced the Fund for Innovation and Technology (FIAT) with a corpus of ₹824.77 crore. This initiative aims to modernize the agricultural sector through technology-driven solutions, including:
- Yield Estimation System using Technology (YES-TECH) – A remote sensing-based yield estimation tool.
- Weather Information and Network Data System (WINDS) – An advanced system to enhance weather data collection for accurate forecasting.
3. Special Subsidy for Fertilizers
A one-time subsidy for Di-Ammonium Phosphate (DAP) fertilizer has been announced, ensuring that farmers can purchase it at an affordable price of ₹1,350 per 50 kg bag. This move, backed by ₹3,850 crore, aims to reduce input costs for farmers and promote balanced fertilization practices. 
4. Long-Term Programs for Pulses and Cotton Production
The government has launched a six-year program to increase domest
ic production of pulses and cotton, reducing reliance on imports. Key features include:
- Guaranteed procurement prices for pulses like pigeon peas, black matpe, and red lentils.
- Research and development support to improve the yield and quality of extra-long staple cotton.
5. National Mission for High-Yielding Seed Varieties
To address challenges posed by shrinking farmlands and erratic weather patterns, a new National Mission for High-Yielding Seed Varieties has been introduced. The objective is to provide farmers with superior seed varieties that enhance productivity and resilience to climate changes.
6. Increased Credit Support for Farmers
Recognizing the financial challenges faced by farmers, the budget has increased the limit for subsidized farm loans under the Kisan Credit Card (KCC) scheme. This will enable farmers to access affordable credit for purchasing seeds, fertilizers, and other essential inputs.
7. New Urea Plant for Affordable Crop Nutrients
To address the rising costs of crop nutrients, the government has set up a new urea manufacturing plant, ensuring that farmers receive a steady and affordable supply of fertilizers.
here are some reference URLs that provide detailed information on the agricultural schemes announced in India’s Union Budget 2025-26:
- Press Release on Extension of Crop Insurance Schemes: This press release details the continuation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather-Based Crop Insurance Scheme (RWBCIS) until 2025-26.
- Reuters Article on Long-Term Programs for Pulses and Cotton Production: This article discusses the government’s six-year program to boost the production of pulses and cotton, aiming to reduce reliance on imports.
- Union Budget 2025-26 Highlights: This press release provides an overview of the key announcements in the budget, including those related to agriculture.
- Budget 2025-26: Six New Agricultural Missions Announced: This article outlines the six dedicated missions introduced in the budget to enhance various aspects of agriculture.
- Full Text of Nirmala Sitharaman’s Union Budget 2025 Speech: For a comprehensive understanding, you can refer to the full text of the Finance Minister’s budget speech.
These resources should provide you with comprehensive insights into the agricultural initiatives outlined in the Union Budget 2025-26.
Conclusion
The Union Budget 2025-26 reaffirms the government’s commitment to strengthening the agricultural sector. By focusing on insurance, technology, subsidies, credit facilities, and R&D, the government aims to empower farmers, improve productivity, and ensure long-term sustainability in Indian agriculture. These initiatives collectively pave the way for a prosperous future for farmers across the country.
Do you think these schemes will significantly impact farmers? Share your thoughts in the comments below!
Top Maharashtra Government Schemes for Farmers: Loans, Subsidies, and SupportFinding Affordable Agricultural Land: A Guide to Your Next Investment
Comments