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LATEST NEWS UPDATES | Behind reduction in agriculture budget, lower spending under PM-Kisan -Harikishan Sharma

Behind reduction in agriculture budget, lower spending under PM-Kisan -Harikishan Sharma

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published Published on Feb 2, 2021   modified Modified on Feb 2, 2021

-The Indian Express

While Finance Minister Nirmala Sitharaman did not mention PM-Kisan in her Budget speech, she tried to assure farmers about the minimum support price (MSP).

The Agriculture Ministry did not spend its full budget during 2020-21, leading to a reduction in the allocation in the revised estimates (RE) for the current financial year and a lower outlay for the next one. In Union Budget 2021-22, the two departments—Department of Agriculture, Cooperation and Farmers’ Welfare and Department of Agricultural Research and Education— under the Agriculture Ministry have been allocated a total amount of Rs 1,31,531.19 crore, lower than the current financial year’s budget estimates (BE) of Rs 1,42,762.35 crore, but a little higher than RE of Rs 1,24,520.3 crore.

While the Department of Agricultural Research and Education has seen a marginal increase—Rs 8,513.62 crore in BE 2021-22 from Rs 8,362.58 crore in BE 2020-21, the Department of Agriculture, Cooperation and Farmers’ Welfare has seen a reduction of over Rs 10,000 crore in its budget—from Rs 1,34,399.77 crore in BE 2020-21 to Rs 1,23,017.57 crore in BE 2021-22. However, it is higher than the RE figure of 1,16,757.92 crore for the current financial year.

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The Indian Express, 2 February, 2021, https://indianexpress.com/article/india/behind-reduction-in-agriculture-budget-lower-spending-under-pm-kisan-7170739/


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