The government has put aside Rs 879 crore to empower farmers, providing the agriculture industry a significant boost. Construction of a value-added agricultural mission, infrastructure development, mechanised farming and startup promotion, and the foundation of a marketing firm are among the plans.
To enhance the state’s domestic agricultural production, the budget recommends establishing a Value-added Agriculture Mission. As part of this, five working groups will be formed to develop strategies. Schemes and a detailed strategy will be devised by the working groups.
Seven Agritech facility centres will be built in seven districts to improve value-added agricultural. These centres will be developed on 5 to 10 acres of land owned by the agriculture department. These centres will be under the administration of farmer cooperatives.
With the collaboration of industrial and commercial entrepreneurs, including expatriates, a marketing organization modeled after CIAL with a capital of Rs 100 crore will be developed to improve the marketing of value-added agricultural products. A total of Rs 20 crore has been set aside.
Rubber growers would receive a subsidy of Rs 500 crore, according to the finance minister. Given the current state of the rubber industry, actions will be taken to raise the price, production, and consumption of rubber at the same time.
- Agri-business industry will receive Rs 879 crore
- Rubber subsidy: Rs 500 crore
- Rs 175 crore for a packing plant for farmers’ products
- Rs 100 crore for ten mini food parks
- 50 crores for rubberized roads
- Rs 25 crore in support from agri-self-help groups
- Rs 20 crore for agri-marketing firm
- KAMCO receives a five-crore subsidy.
- Farm visits to learn about excellent practices in other countries: 2 crore rupees
- Tapioca-based ethanol costs Rs 2 crore.