Kerala Budget 2023: What did FM KN Balagopal announce for agriculture?

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Representative image | Photo: Ajith Sankaran

Thiruvananthapuram: Kerala finance minister KN Balagopal during the Budget 2023 speech on Friday made a slew of announcements for the agriculture sector. The state has allocated Rs 971.71 crore for this sector alone. According to Balagopal, the state is expecting Rs 156.30 crore from the union government as financial assistance to this pool.

Some of the major announcements for the agricultural sector are:

  • Rs 95.10 cr outlay for rice development
  • Rs 732.46 cr for crop husbandry sector
  • Rs 93.45 cr for comprehensive vegetable cultivation development programme
  • Rs 74.50 cr for marketing, storage and warehousing of agricultural produces
  • Rs 68.95 cr for Coconut Development Schemes
  • Rs 19.81 cr for ‘Support to Farm Mechanisation’ scheme
  • Rs 18.92 cr for expansion of fruit cultivation with emphasise on increasing production and productivity of indigenous and exotic fruits
  • Rs 6 cr for promotion of organic farming
  • Rs 4.6 cr for activities related to development of spice cultivation

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