An agriculture worker belonging to Mallah community at a Makhana farm in Darbhanga. (File picture used for representational purpose only.)
| Photo Credit: The Hindu
Union Finance Minister Nirmala Sitharaman unveiled exciting initiatives aimed at boosting agriculture and innovation during her Union Budget 2025 speech on February 1, 2025. One of the key announcements was the establishment of a special Makhana Board in Bihar, designed to enhance makhana production, marketing, and value addition. This development signals a significant step towards improving livelihoods for makhana farmers in the region.
Special Makhana Board in Bihar
Sitharaman emphasized that the Makhana Board will cater to farmers involved in makhana cultivation by categorizing them as Follow-On Public Offer (FPOs). The board’s role will include providing extensive hand-holding and training support to ensure farmers maximize the benefits of various government schemes. This initiative aimed to provide a structured and supportive framework for makhana farmers, fostering sustainable and efficient agricultural practices.
Additionally, Sitharaman announced plans to establish a National Institute of Food Technology, Processing, and Innovation in Bihar. Expected to rejuvenate eastern India’s agricultural sector, the institute will play a pivotal role in enhancing farmers’ income and adding value to agricultural produce. With a focus on skilling and creating employment opportunities for youth, the institute will serve as a beacon of innovation and development in the regional economy.
Eight Consecutive Budget Speech
Delivering her eighth consecutive Budget speech, Sitharaman highlighted a multifaceted approach to accelerating growth and promoting inclusive development. Key areas of focus include invigorating private investment, uplifting household sentiments, and strengthening the capabilities of India’s rising middle class. The government’s commitment to the welfare of the poor, youth, farmers, and women remains steadfast.
Sitharaman underlined India’s rapid economic progression, noting that it stands as the fastest-growing among major global economies. Over the past decade, structural reforms have garnered international recognition, and confidence in India’s economic potential is at an all-time high.
As she commenced her speech, opposition members expressed dissatisfaction with President Droupadi Murmu’s address. Despite initial unrest, members eventually returned to their seats, allowing the proceedings to continue.
Impact on Local Economy
The establishment of the Makhana Board and the National Institute of Food Technology promises to significantly impact Bihar’s economy, particularly in the agriculture and food processing sectors. These initiatives not only provide essential support to small-scale farmers but also contribute to the broader goal of reducing poverty and enhancing employment opportunities. By focusing on value addition and skill development, these programs empower local communities to participate actively in modern economic processes, ensuring sustained growth and prosperity.
The National Institute of Food Technology, Processing, and Innovation will serve as a hub for research and innovation in food technology, addressing challenges in food processing and ensuring high-quality output. This institute will collaborate with local industries, farmers, and educational institutions, fostering a collaborative environment that drives technological advancements and economic growth.
Conclusion
Union Finance Minister Nirmala Sitharaman’s announcements in Union Budget 2025 reflect a determined effort to uplift the agricultural sector in Bihar and eastern India. The establishment of the Makhana Board and the National Institute of Food Technology Processing and Innovation will undoubtedly contribute to enhancing farmers’ livelihoods, boosting economic growth, and promoting innovation in the food sector.
These initiatives emphasize the government’s commitment to inclusive development, underscoring its resolve to address the needs and aspirations of diverse communities. As India continues its journey towards economic growth and development, such strategic investments play a crucial role in building a strong and resilient agricultural base.
Published – February 01, 2025 11:47 am IST
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