Budget 2026: Sitharaman Unveils 5 Major Gifts for Farmers, Boosting Income & Diversification
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News18•01-02-2026, 13:27
Budget 2026: Sitharaman Unveils 5 Major Gifts for Farmers, Boosting Income & Diversification
- •Finance Minister Nirmala Sitharaman announced key initiatives in Budget 2026-27 to boost farmers' income through agricultural diversification and high-value crops.
- •A Coconut Promotion Scheme will replace old trees with new, improved varieties to increase production and productivity, benefiting 3 crore people.
- •Dedicated programs for cashew and cocoa aim for India's self-reliance, enhanced processing, and global brand recognition by 2030.
- •Support for sandalwood cultivation, high-value nuts (walnuts, almonds, pine nuts), and agarwood in the Northeast will promote profitable farming.
- •Strengthening the PM Krishi Sinchai Yojana will improve irrigation infrastructure, crucial for high-value crops and mitigating drought/flood risks.
Why It Matters: Budget 2026 focuses on agricultural diversification, high-value crops, and irrigation to double farmers' income.
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