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Budget 2026 looms, but key farm promises are still stuck on paper

Announced in last year’s Union Budget, several agriculture schemes like the enhanced credit scheme through the Kisan Credit Card and Mission for Cotton Productivity are yet to hit the ground.

nirmala sitharamanPresenting the Union Budget 2025-26, Sitharaman had termed agriculture as the “first engine” of the economy and announced several new initiatives for the sector. (Express Photo by Tashi Tobgyal)

Two weeks from now, on February 1, Finance Minister Nirmala Sitharaman will present the Union Budget for 2026–27. However, several announcements from her previous budget speech —especially those related to the agriculture sector—are yet to be implemented.

Presenting the Union Budget 2025-26, Sitharaman had termed agriculture as the “first engine” of the economy and announced several new initiatives for the sector. Some of these are yet to be implemented—like raising the loan limit under the Modified Interest Subvention Scheme from Rs 3 lakh to Rs 5 lakh for loans taken through the Kisan Credit Card (KCC), launching a Mission for Cotton Productivity, and setting up a National Mission on High-Yielding Seeds.

Announcing the enhanced credit through the KCC scheme, Sitharaman said, “Kisan Credit Cards (KCC) facilitate short-term loans for 7.7 crore farmers, fishermen, and dairy farmers. The loan limit under the Modified Interest Subvention Scheme will be enhanced from Rs 3 lakh to Rs 5 lakh for loans taken through the KCC.”

However, this is yet to be approved by the Union Cabinet. It is learnt that the agriculture ministry will soon send a proposal in this regard.

Sitharaman also announced a Mission for Cotton Productivity. “For the benefit of lakhs of cotton growing farmers, I am pleased to announce a Mission for Cotton Productivity. This 5-year mission will facilitate significant improvements in productivity and sustainability of cotton farming, and promote extra-long staple cotton varieties. The best of science and technology support will be provided to farmers. Aligned with our integrated ‘5F’ vision for the textile sector, this will help in increasing the incomes of farmers, and ensure a steady supply of quality cotton for rejuvenating India’s traditional textile sector,” she had said. This mission too is yet to be implemented on the ground.

Announcements regarding a National Mission on High-Yielding Seeds and the second gene bank for crop germplasm have also not been implemented till date.

Plans to launch a “comprehensive programme to promote production, efficient supplies, processing, and remunerative prices for farmers” as announced in the budget have also reportedly been shelved.

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Among the budget announcements related to the agriculture sector that have been launched so far are the Mission for Aatmanirbharta in Pulses with a special focus on tur, urad and masoor; Prime Minister Dhan-Dhaanya Krishi Yojana-Developing Agri Districts Programme; and the Makhana Board in Bihar.

Harikishan Sharma, Senior Assistant Editor at The Indian Express' National Bureau, specializes in reporting on governance, policy, and data. He covers the Prime Minister’s Office and pivotal central ministries, such as 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 around reporting and policy analysis. In addition to this, he authors a weekly column titled "STATE-ISTICALLY SPEAKING," which is prominently featured on The Indian Express website. In this column, he immerses readers in narratives deeply rooted in socio-economic, political, and electoral data, providing insightful perspectives on these critical aspects of governance and society. ... Read More

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