Union Budget 2024: Mixed Reactions from Agriculture Sector

The Union Budget 2024 has elicited varying responses in the agriculture sector. Industry experts have praised its focus on agri-research and self-sufficiency, while some farmer leaders expressed dissatisfaction. Discussions highlight the potential benefits and concerns surrounding government funding and initiatives aimed at boosting productivity and reducing import dependence.

In a move that has garnered mixed reactions, the Union Budget 2024 was unveiled with significant emphasis on agricultural research and self-sufficiency. While industry experts lauded the budget's 'forward looking' approach, key farmer leaders expressed disappointment over unmet demands.

Proponents, including the Solvent Extractors Association of India (SEA) President Ajay Jhunjhunwala, praised the national missions for edible oils, citing its potential to reduce import dependence significantly. Additionally, the budget's focus on pulses and oilseeds was welcomed by the Good Food Institute India's Acting Managing Director, Sneha Singh.

However, Rakesh Tikait, a prominent farmer leader from Bharat Kisan Union, criticized the budget for neglecting critical farmer needs. He raised concerns about government funds channeling towards the private sector under the guise of climate change, which he says allows foreign lobby groups to further their agenda. The debate continues as experts and stakeholders weigh the potential impact of these new measures on India's agricultural landscape.

(With inputs from agencies.)