In Short:
The government allocated ₹1.52 lakh crore for the agriculture sector, which could boost rural demand for entry-level two-wheelers and tractors. The Finance Minister announced the release of 109 new high-yielding crop varieties and support for 1 crore farmers to transition to natural farming in the next 2 years, with certification and branding assistance.
Boost for Rural Demand in Automobile Sector
The Finance Minister revealed that the allocation of ₹1.52 lakh crore for the agriculture sector could have a positive impact on rural demand for automobiles, particularly entry-level two-wheelers and tractors.
New Initiatives for Farmers
She also announced plans to release 109 high-yielding and climate resilient varieties of 32 field and horticulture crops for cultivation by farmers. Additionally, in the next 2 years, 1 crore farmers will be introduced to natural farming practices, supported by certification and branding.
