Over ₹15,300 crore proposed for agriculture, allied sectors: Punjab FM

Chandigarh, Punjab Finance Minister Harpal Singh Cheema on Sunday proposed an outlay of ₹15,377 crore for agriculture and allied sectors in the 2026-27 budget, aimed at supporting targeted interventions in crop diversification, sustainability, market reforms and farmer welfare.

While presenting the budget estimates, Cheema said to promote sustainable cropping patterns, a pilot project encouraging a shift from paddy to kharif maize has been implemented in six districts Pathankot, Gurdaspur, Bathinda, Sangrur, Jalandhar and Kapurthala with an incentive of ₹17,500 per hectare.

An allocation of ₹15 crore has been earmarked for this purpose in 2026-27, he said.

To address the challenge of crop residue burning, the government continues to provide an 80 per cent subsidy to panchayats and a 50 per cent subsidy to individual farmers for the purchase of stubble management machinery.

During 2025-26, ₹402 crore has been utilised for subsidising such equipment, and a budgetary provision of ₹600 crore is proposed in 2026-27, Cheema said.

Meanwhile, Agriculture Minister Gurmeet Singh Khudian highlighted the success of Direct Seeded Rice adoption.

“The state disbursed ₹35 crore in FY 2025-26 to incentivise water-saving techniques, with ₹40 crore allocated for next year,” he said, while urging farmers to adopt DSR to address labour shortages and groundwater depletion.

“By extending a 33 per cent subsidy on PAU-recommended hybrid seeds, we have not only supported our farmers financially but have also reversed the declining trend in cotton cultivation,” he said.

Horticulture Minister Mohinder Bhagat lauded the announcements made for the sector in the budget and said the state government has prepared a special 10-year roadmap to strengthen horticulture in the state.

The minister said with the objective of promoting horticulture and enhancing farmers’ income in Punjab, projects worth around ₹1,300 crore will be launched over the next 10 years with assistance from the Japan International Cooperation Agency, JICA.

He said these projects aim to promote climate-resilient and high-value horticulture crops across the state.

This article was generated from an automated news agency feed without modifications to text.