Union Budget 2026: Agriculture Sector Gets ₹1.63 Lakh Crore Boost

Budget
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CNBC TV18•01-02-2026, 13:34
Union Budget 2026: Agriculture Sector Gets ₹1.63 Lakh Crore Boost
- •Finance Minister Nirmala Sitharaman announced ₹1,62,671 crore for agriculture in Union Budget 2026, a 7% increase from 2025-26.
- •The allocation reflects a continued focus on farmer welfare, food security, and rural livelihoods, strengthening India's agricultural backbone.
- •EY India's Amit Vatsyayan notes a shift to acceleration-oriented reforms, aiming to close structural gaps and boost export competitiveness.
- •Emphasis on high-value crops like coconut, cashew, and walnuts signals a diversification strategy for income potential.
- •The budget includes flagship programs like PM-Kisan, Pradhan Mantri Fasal Bima Yojana, and investments in irrigation and supply chain.
Why It Matters: Union Budget 2026 significantly increases agricultural allocation, focusing on farmer welfare, food security, and reforms.
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