PM addresses Post Budget Webinar on Agriculture and Rural Transformation
Prime Minister Narendra Modi addressed the third post Budget Webinar today, focusing on ” Agriculture and Rural Transformation “. Reflecting on the previous sessions regarding technology and economic growth, the Prime Minister noted that stakeholders had provided valuable cooperation during the budget formulation. “Now, after the budget, it is equally important that the country reaps the benefits of its full potential, and your suggestions in this direction and this webinar is thus important “, Shri Modi emphasised.
The Prime Minister highlighted that agriculture remains the mainstay of the Indian economy and a strategic pillar for the nation’s long-term developmental journey. Shri Modi emphasized several programs, such as the ‘PM Kisan Samman Nidhi’, and ‘Minimum Support Price (MSP)’ reforms that provide farmers with 1.5 times returns. ” Our government has continuously strengthened the agriculture sector”, Shri Modi remarked.
Providing data on the success of existing schemes, the Prime Minister noted that 10 crore farmers have received over ₹4 lakh crore as PM Kisan Samman Nidhi, and nearly ₹2 lakh crore in insurance claims have been settled under ‘PM Fasal Bima Yojana’. Siri Modi also noted that the institutional credit coverage has become more than 75%. “Such numerous efforts have reduced the risks for farmers and provided them with basic economic security,” Shri Modi affirmed..
Focusing on high-value agriculture, the Prime Minister detailed budget proposals for region-specific promotion of crops like cocoa, cashew, and sandalwood. Shri Modi also highlighted the budget proposal of promotion of Agarwood in the North East,and Temperate Nut crops in the Himalayan states.The Prime Minister noted that export oriented production would lead to rural employment through processing and value addition. “If we scale high-value agriculture together, it will transform agriculture into a globally competitive sector”,Shri Modi asserted.
Turning to the fisheries sector, the Prime Minister stated that India is the world’s second-largest fish producer. Shri Modi further highlighted that while approximately 4.5 lakh tonnes of fish are currently produced in our various reservoirs and ponds, there exists a potential for an additional 20 lakh tonnes of production. “Fisheries can become a major platform for export growth.”, Shri Modi remarked.
The Prime Minister emphasized the need for new business models in hatcheries, feed, and logistics to realize the potential of the Blue Economy. He encouraged strong coordination between the fisheries department and local communities. “This can become a high-value, high-impact sector for rural prosperity, and you must deliberate on this together.”, Shri Modi emphasised.
The Prime Minister stated that India is the world’s largest milk producer today and ranks second in egg production. He highlighted that to take this further, the focus must be on breeding quality, disease prevention, and scientific management. Shri Modi further emphasized that the health of livestock is a crucial subject, noting, “When I speak of ‘One Earth, One Health,’ it includes the health of livestock.”
To mitigate risks, the Prime Minister advocated for crop diversification over single-crop dependency. He cited missions for edible oils, pulses, and natural farming as tools to boost the sector’s strength. Shri Modi emphasized, “Therefore, we are focusing on crop diversification.”
Highlighting the role of AI-based platforms and digital surveys, the Prime Minister stated that technology only yields results when it is integrated by institutions and entrepreneurs. He called for suggestions on how to effectively merge technology with traditional systems. The Prime Minister remarked, “The suggestions emerging from this webinar will play a major role in how we correctly integrate technology.”
Discussing the ‘Lakhpati Didi’ campaign, the Prime Minister set a target of creating 3 crore more such successful women entrepreneurs by 2029. He sought suggestions on how to achieve this goal with greater speed. The PM stressed, “Your suggestions on how to achieve this goal even faster will be significant.”
Closing his address, the Prime Minister pointed to the massive storage campaign and the need for innovation in agri-fintech and supply chains. He urged entrepreneurs to increase investment in these critical areas to energize the rural landscape. The Prime Minister concluded, “I am confident that the nectar emerging from your deliberations today will provide new energy to the rural economy.”(UPDATED ON 6TH MARCH 2026)
===================
