In the recently announced Union Budget 2025, the Indian government unveiled a bold six-year program aimed at increasing the production of pulse crops and cotton.
While tax reforms and capital expenditure grabbed headlines, this agricultural initiative quietly promises to reshape the farming landscape in India.
Let's dive into what this program means, how it aims to reduce import dependency, and its potential impact on farmers and the economy.
Why Focus on Pulses and Cotton?
India is the largest producer and consumer of pulses globally and the second-largest cotton producer. Despite this, the country often relies on imports to meet domestic demand, especially during poor harvest seasons. By boosting local production, the government aims to achieve self-sufficiency, improve farmer incomes, and stabilize prices.Key Features of the Six-Year Program
1. Guaranteed Procurement Prices:
State agencies will buy pulses at guaranteed prices to ensure farmers get fair compensation.
2. Research & Development:Expected Impact on Farmers
- Higher Incomes: With guaranteed prices, farmers can expect more stable and predictable earnings.
- Reduced Risks: Improved seeds and better infrastructure mean fewer crop failures and post-harvest losses.
- Access to Knowledge: Training programs will help farmers adapt to modern, efficient farming techniques.
Potential Economic Benefits
1) Reduced Import Dependency:
Less reliance on imported pulses and cotton can save foreign exchange and strengthen the domestic market.
2) Job Creation:Challenges to Consider
While the program sounds promising, there are hurdles to overcome:- Implementation Gaps: Ensuring the program reaches small and marginal farmers.
- Climate Risks: Even with better seeds, unpredictable weather patterns can affect yields.
- Market Fluctuations: Global market trends may still impact the profitability of pulse and cotton farming.
Example: The Success of Similar Programs
India’s Green Revolution in the 1960s, which focused on wheat and rice, transformed the country into a food-secure nation. A similar focused approach on pulses and cotton could lead to equally significant changes.
Metric | Current Status | Target (Post-Program) |
---|---|---|
Pulses Import Dependency | 20% | Less than 5% |
Cotton Production (million bales) | 35 | 45 |
Average Farmer Income (INR/year) | 1.2 lakh | 2 lakh |
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