In the Union Budget 2026-27, Finance Minister Nirmala Sitharaman has clearly indicated that the government will now prioritise higher farm productivity, value addition and technology adoption to increase farmers’ income.
To strengthen the rural economy, the government has proposed new subsidies and loan/credit support schemes for animal husbandry, veterinary services and dairy production. These measures are expected to create more employment opportunities and ensure stable income sources in rural areas.
Around 10 million farmers in India depend on coconut-based livelihoods. The government has announced plans to work on initiatives that will boost coconut processing and production.
Under this, proposals include steps to increase coconut output and promote new coconut-based products through sampling and incentives. The government aims to directly benefit nearly 1.5 crore coconut producers through these initiatives.
The budget also highlights the use of Artificial Intelligence (AI) to improve agricultural production. AI-driven solutions can support modern farming practices, enable better decision-making and help reduce input costs.
Focus on Medicinal Plants and AYUSH Herbs:
The government has also taken steps to promote medicinal plants and AYUSH herbs. As part of this effort, an AYUSH pharmacy is proposed to be set up in Jamnagar, Gujarat, which is expected to support research and technological development, creating new opportunities for farmers.
Fisheries: Plan to Build 500 New Reservoirs: To increase fish production, the government has proposed the creation of 500 new reservoirs and introduced provisions for a multi-dimensional development plan for the fisheries sector.
FAQs:
1. How will AI help farmers according to the Union Budget 2026-27?
AI will assist farmers with precision agriculture, better decision-making, and cost reduction, leading to increased productivity.
2. What support is being given to livestock and dairy farmers?
The government has announced subsidies and loan schemes to strengthen animal husbandry and dairy production.
3. How will coconut farmers benefit from the new budget?
The government plans incentives and support to increase coconut production and processing, benefiting around 1.5 crore farmers.
4. What is the significance of the AYUSH pharmacy in Jamnagar?
It will promote research and development in medicinal plants and AYUSH herbs, creating new opportunities for farmers.
5. What are the plans for fisheries development?
The government proposes building 500 new reservoirs to boost fish production and support fisheries.
