Andhra govt. pegs agriculture budget for 2025-26 at ₹48,341.14 crore
The Hindu
Agriculture Minister presents ₹48,341.14 crore budget for agriculture and allied sectors, focusing on irrigation, power supply, and farmers' welfare.
Agriculture Minister K. Atchannaidu presented a ₹48,341.14 crore budget for the agriculture and allied sectors for FY 2025 - 26 in the Legislative Assembly on Friday with the highest allocation of ₹12,903.41 crore for the maintenance of irrigation projects.
Andhra Pradesh Budget updates: State Govt presents ₹3.2 lakh crore Budget for 2025-26
₹12,773.25 crore was allocated for nine-hour free power supply to agricultural consumers, and ₹12,401.58 crore for the implementation of various farmers’ welfare and development programmes.
Mr. Atchannaidu stated in his Budget speech that the Gross Value Added (GVA) for agriculture at current prices as per the GSDP first advance estimates was ₹57,187 crore and a growth rate of 22.86% was estimated.
The government targeted an increase in the productivity of 11 crops and area under natural farming as key contributors to achieving 15% growth rate as part of the Vision Swarna Andhra.
The power tariff for aquaculture services has been determined as ₹3.85 per unit but a concessional tariff of ₹1.50 per unit will be made applicable to the eligible services.
The government earmarked ₹9,400 crore for Annadata Sukhibhava - PM Kisanscheme under which the State and the Central governments will together provide a financial assistance of ₹20,000 per annum (₹14,000 and ₹6,000 respectively) to farmers, ₹6.026.87 crore for agriculture and allied works under Mahatma Gandhi National Rural Employment Guarantee Scheme, and ₹1,023 crore for the weather - based crop insurance scheme.
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