“₹25 lakh crore investment in Agri-rural sector – We are commied to making an investment of Rs. 25 lakh crore to improve the productivity of the farm sector.” —Promise in BJP 2019 Manifesto
An evaluation of the research information below indicates that:
1. Extrapolation of the previous Lok Sabha term’s allocation to 5 years (to account for missing information for 2014-2015), leads to a Budgetary Estimate of 1.77 Lakh Crore INR (NOTE: these are only Budget Estimates, which are conventionally
higher than revised estimates and higher than actual expenditure) for the Ministry in the past term. This can be considered the ’benchmark’ allocation level to merely
maintain productivity levels that are sought to be enhanced by additional measures.
2. Total corresponding expenditure for 4 years in the current term, FY 2019-20 to FY 2022-23 and the Budgetary Allocation for FY 2023-24 lead to a total of 5.75 Lakh Crore INR for the current term. This represents an ‘increase’ of 3.98 Lakh Crore
INR relative to the previous term; this must be juxtaposed against the promised investment was 25.0 Lakh Crore INR to interpret the degree of performance relative to the promised effort.
It can therefore be concluded that:
The Government’s objectively verifiable performance is 84% lower than the promised objective and this translates to approximately 19.25 Lakh Crore investment ‘gap’ attributable to this implementation effort.
Sources
According to:
1. Question No. 234 (Starred) , Lok Sabha 17,Session 1, Ministry of Agriculture and Farmers’ Welfare, July 9, 2019, the budget allocated for the Ministry in 2019-2020 is 1,30,485.21 Crore INR (i.e. 1.30 Lakh Crore INR). Also, the corresponding cumulative allocations for 4 years, from FY 2015-16 to FY 2018-19, was 1.41 Lakh Crore INR.
2. Ministry of Agriculture & Farmers Welfare, “Agriculture Budget”, Posted On: 06 FEB 2024 6:22PM by PIB Delhi https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2003189) , the budgets allocated since 2019 for all agricultural activities (including raising productivity but also flagship welfare programs), the government has spent a total of 4,49,869.3 Crore INR and allocated another 1,25,35.79 Crore INR for FY 2023-2024.
3. Other schemes to increase productivity through the Ministry of Food Processing Industries (PM Kisan Sampada Yojana) have received a more modest allocation of 6000 crores for 5 years (2016 to 2020).
Research Results:
1. https://www.mofpi.gov.in/sites/default/files/important_notice-sampada-19.05.2017.pdf
2. https://www.enavabharat.com/state/maharashtra/nagpur/chhattisgarh-agriculture-minister-ravindra-choubey-special-discussion-with-navbharat-157836/,
3. https://sansad.in/getFile/loksabhaquestions/annex/171/AS234.pdf?source=pqals
4. https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2003189
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