Home FEATURED NEWS Budget hiked, Agri Ministry returned over Rs 1 Lakh crore in 5 years | India News

Budget hiked, Agri Ministry returned over Rs 1 Lakh crore in 5 years | India News

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A report by the Agriculture Ministry confirmed that though the federal government has hiked the ministry’s finances lately, the ministry has not used it totally because it surrendered over Rs 1 lakh crore within the final 5 years.

As per the report titled “Accounts at a Glance for the Year 2022-2023”, the Department of Agriculture & Farmers’ Welfare (DA&FW) surrendered Rs 21,005.13 crore of its annual allocation of Rs 1.24 lakh crore over the last monetary 12 months (April 2022-March 2023). This is sort of 4 instances the quantity surrendered by the division in the course of the earlier 12 months 2021-22, which was Rs 5,152.6 crore of its 1.23 lakh crore allocation.

The division surrendered Rs 23,824.53 crore in 2020-21, Rs 34,517.7 crore in 2019-20, and Rs 21,043.75 crore in 2018-19.

The Department of Agricultural Research and Education, which additionally comes beneath the ministry, has surrendered Rs 9 lakh of its complete allocation of Rs 8,658.91 crore in 2022-23, Rs 1.81 crore in 2021-22, Rs 600 crore in 2020-21, Rs 232.62 crore in 2019-20 and Rs 7.9 crore in 2018-2019.

With the Centre launching the PM Kisan Samman Nidhi in the course of the monetary 12 months 2018-19, the mixed finances of the 2 departments, beneath the Agriculture Ministry, elevated from Rs 54,000 crore (or 2.3% of the Centre’s complete finances of Rs 24.42 lakh crore) in 2018-19 to Rs 1.32 lakh crore (or 3.5% of the full Rs 39.44 lakh crore throughout 2022-23.

The scheme’s annual allocation has been within the vary of Rs 20,000 crore to Rs 75,000 crore during the last 5 years.

The authorities, nonetheless, marginally diminished the ministry’s complete allocation to 1.25 lakh crore in the course of the present monetary 12 months 2023-24 from Rs 1.32 lakh crore in 2022-23, maybe resulting from non-utilisation of funds.

The situation of fund give up by the Agriculture Ministry has additionally been highlighted by the Standing Committee on Agriculture, Animal Husbandry and Food Processing, headed by P C Gaddigoudar, asking the federal government to “avoid” the “practice” of fund give up.

The panel report Demand for Grants (2023-24) of the Department of Agriculture and Farmers’ Welfare, offered earlier than the Parliament on March 13, 2023, stated: “… the surrender of funds is mainly on account of less requirement under NES (North Eastern States), SCSP (Schedule Caste Sub-Plan) and Tribal Area Sub-Plan (TASP) Components”.

© The Indian Express Pvt Ltd

Harikishan Sharma, Senior Assistant Editor at The Indian Express’ National Bureau, focuses on reporting on governance, coverage, and knowledge. He covers the Prime Minister’s Office and pivotal central ministries, such because the Ministry of Agriculture & Farmers’ Welfare, Ministry of Cooperation, Ministry of Consumer Affairs, Food and Public Distribution, Ministry of Rural Development, and Ministry of Jal Shakti. His work primarily revolves round reporting and coverage evaluation. In addition to this, he authors a weekly column titled “STATE-ISTICALLY SPEAKING,” which is prominently featured on The Indian Express web site. In this column, he immerses readers in narratives deeply rooted in socio-economic, political, and electoral knowledge, offering insightful views on these crucial elements of governance and society. … Read More

First uploaded on: 15-01-2024 at 05:00 IST

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