Budget 2025 Expectations: Agriculture Leaders Seek GST Exemption On Biofertilizers And Biopesticides

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Food and Agriculture

Budget 2025 expectations: agriculture leaders seek gst exemption on biofertilizers and biopesticides

18 Jan 2025

1 min read

Akshat Gupta, Practice Leader, Food and Agriculture at Praxis Global Alliance said that the industry expects a higher allocation than the previous Rs 1.52 lakh crore to enhance agricultural infrastructure, particularly in cold storage, warehousing, and supply chain management. These investments are critical to reducing post-harvest losses and improving market access for farmers.

“We urge the government to reduce and standardize agricultural loan interest rates to 3-5 per cent, easing financial burdens and improving access to credit. Additional capital support for micro-irrigation systems, solar pumps, and watershed projects is also essential to empower small and marginal farmers,” he added.

Read more at ABP Live

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