Finance Minister Nirmala Sitharaman revealed on Thursday that the government aims to achieve self-reliance in India’s edible oils sector. This will be realized through a focus on increasing domestic oilseed production and launching a comprehensive program to support dairy farmers, aligning with efforts to enhance value addition in the agricultural sector and uplift farmers’ income.
Sitharaman emphasized the significance of farmers, describing them as “annadata” (food providers). She highlighted ongoing initiatives such as the PM-KISAN SAMMAN Yojana, providing direct financial assistance to 11.8 crore farmers, and the PM Fasal Bima Yojana, offering crop insurance to 4 crore farmers. Additionally, she stressed the importance of the Electronic National Agriculture Market, which has integrated 1,361 mandis, benefiting 1.8 crore farmers.
The minister outlined plans to promote private and public investment in post-harvest activities, boost food processing levels, and increase farmers’ income. The expansion of nano-liquid DAP application, a key fertilizer, to all agro-climatic zones is part of this strategy.
A comprehensive approach to achieving self-reliance in oilseeds was announced, covering research, modern farming techniques, market linkages, procurement, value addition, and crop insurance. For dairy development, a program building on existing schemes such as Rashtriya Gokul Mission and National Livestock Mission will be formulated.
Sitharaman also highlighted successful schemes like Pradhan Mantri Kisan Sampada Yojana and Pradhan Mantri Formalisation of Micro Food Processing Enterprises Yojana. The budgetary allocation for healthcare over the past five years was analyzed, and plans to step up the Pradhan Mantri Matsya Sampada Yojana were announced to enhance aquaculture productivity, double seafood exports, and generate employment opportunities.