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In the Union Budget 2024, which initiative did the Finance Minister announce to enhance productivity in agriculture?
Introduction of genetically modified crops
Expansion of irrigation facilities nationwide
A new subsidy program for farmers
A comprehensive review of the agriculture research setup
A comprehensive review of the agriculture research setup
Union Budget 2024-25 announced a comprehensive review of the agriculture research setup to transform research and boost productivity.
In the Union Budget 2024-25 presented in July 2024, Finance Minister Nirmala Sitharaman announced key initiatives for the agriculture and allied sectors. To enhance agricultural productivity and develop climate-resilient crop varieties, the government proposed a comprehensive review of the national agriculture research framework. This initiative focuses on reorienting agricultural research toward demand-driven, climate-smart solutions and modernizing institutions under the Indian Council of Agricultural Research (ICAR).
Agricultural research and education in India are coordinated primarily by the Indian Council of Agricultural Research (ICAR), established in 1929 under the Ministry of Agriculture and Farmers Welfare. Agriculture is a State subject under the Seventh Schedule (List II, Entry 14) of the Constitution of India, though agricultural research and higher education are supported centrally.
Union Budget 2024-25 earmarked Rs 1.52 lakh crore for agriculture and allied sectors.
Comprehensive review of the agriculture research setup aimed at transforming research to focus on climate resilience.
Release of 109 high-yielding, climate-resilient varieties of 32 field and horticulture crops.
Initiative to cover 1 crore farmers under natural farming supported by 10,000 bio-input resource centers over 2 years.
Option D is correct тАФ The Finance Minister announced a comprehensive review of the agriculture research setup to reorient research for enhancing productivity and developing climate-resilient crop varieties.
Associate Budget 2024 agriculture highlights with 'Research & Climate Resilience' тАФ ICAR (established 1929, HQ New Delhi) undergoes periodic reviews to shift focus from yield alone to climate adaptability.