Home India Ministry of Finance OBJECTIVE OF DOUBLING FARMER INCOME TO BE ACHIEVED THROUGH P...
Date: 2026-01-29 Category: Press Release State: Union Government Country: India

OBJECTIVE OF DOUBLING FARMER INCOME TO BE ACHIEVED THROUGH PRODUCTIVITY IMPROVEMENT AND POLICY AND INSTITUTIONAL INTERVENTIONS: ECONOMIC SURVEY

Issued by Ministry of Finance · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** The Economic Survey 2025-26, tabled in Parliament on January 29, 2026, outlines the government's efforts to double farmer income through productivity improvement, policy interventions, and institutional support. Key initiatives include the National Food Security Mission (NFSM), the National Mission on Edible Oils-Oilseeds (NMEO-OS), the Prime Minister Dhan Dhaanya Krishi Yojana (PM-DDKY), and the Pradhan Mantri Fasal Bima Yojana (PMFBY). The Mission for Atmanirbharta in Pulses was approved on October 1, 2025. **Key Points / Main Content** * **Doubling Farmer Income:** The government is implementing measures to raise productivity and enhance farmers' incomes. * **National Food Security Mission (NFSM):** * Implemented since 2007 to enhance productivity and production of various crops. * Renamed as National Food Security and Nutrition Mission (NFSNM) in FY25. * **National Mission on Edible Oils (NMEO-OS & NMEO-OP):** * Aims to achieve self-sufficiency in oilseed production, targeting nearly 70 million tonnes by 2030-31. * Area under oilseeds increased by over 18% between 2014-15 and 2024-25. * Production increased by nearly 55% and productivity by about 31% in same time period. * **Mission for Atmanirbharta in Pulses:** * Aims at achieving self-sufficiency in pulses. * Approved on October 1, 2025. * **Domestic Edible Oil Availability:** * Increased to 121.75 lakh tonnes in 2023-24. * Dependence on imported edible oil reduced from 63.2% in 2015-16 to 56.25% in 2023-24. * **Prime Minister Dhan Dhaanya Krishi Yojana (PM-DDKY):** * Approved in July 2025 for six years commencing FY26. * Focuses on developing 100 Aspirational Agricultural Districts. * Aims to enhance agricultural productivity, crop diversification, and sustainable agricultural practices. * **Pradhan Mantri Fasal Bima Yojana (PMFBY):** * Provides crop insurance support to farmers. * Insured 4.19 crore farmers in 2024-25, a 32% increase over 2022-23. * **Economic Impact:** Agriculture and allied activities contribute nearly one-fifth of India's national income. **Impact Analysis** **Farmers** * **Impact:** Increased income potential, improved crop yields, access to insurance, and better infrastructure. * **Action Required:** Adopt new agricultural practices, utilize available insurance schemes, and participate in government initiatives. **Government** * **Impact:** Improved agricultural sector, enhanced food security, and contribution to economic growth. * **Action Required:** Continue implementing and improving agricultural policies and schemes. **Economy** * **Impact:** Agriculture and allied activities contributes approximately one-fifth of India's national income. Strengthening agricultural performance is important for inclusive growth and ensuring food security. * **Action Required:** Continue to ensure the relatively large share of employment in agriculture and allied activities, the sector remains central to India's overall growth trajectory.

Key Entities Referenced

Economic Survey: A document tabled in Parliament, used to present the government's assessment of the country's economic progress and challenges. Pradhan Mantri Fasal Bima Yojana (PMFBY): A crop insurance scheme providing farmers with essential protection against crop losses. Prime Minister Dhan Dhaanya Krishi Yojana: Scheme to develop 100 Aspirational Agricultural Districts. National Food Security Mission (NFSM): A mission to enhance productivity and production of various crops across the country. Mission for Atmanirbharta in pulses: Scheme aimed at achieving self-sufficiency in pulses.
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Ministry of Finance OBJECTIVE OF DOUBLING FARMER INCOME TO BE ACHIEVED THROUGH PRODUCTIVITY IMPROVEMENT AND POLICY AND INSTITUTIONAL INTERVENTIONS: ECONOMIC SURVEY MISSION FOR ATMANIRBHARTA IN PULSES AIMS AT ACHIEVING SELF-SUFICIENCY: ECONOMIC SURVEY DOMESTIC EDIBLE OIL AVAILABILITY RISES TO 121.75 LAKH TONNES IN 2023-24; DEPENDANCE ON IMPORTED EDIBLE OIL REDUCED FROM 63.2% IN 2015-16 TO 56.25% IN 2023-24 PRIME MINISTER DHAN DHAANYA KRISHI YOJANA TO COVER 100 ASPIRATIONAL AGRICULTURE DISTRICTS PRADHAN MANTRI FASAL BIMA YOJANA: 4.19 CRORE FARMERS INSURED, A 32 PER CENT INCREASE IN FY 25 OVER FY23 प्रव तथ: 29 JAN 2026 2:02PM by PIB Delhi With the objective of doubling farmers’ income, the Government has been implementing a wide range of measures to raise productivity and enhance farmers’ incomes, states the Economic Survey 2025-26 tabled in Parliament today by the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman. Several interventions have been undertaken through inputs, technology, income support, market-related and insurance support. Many of these priorities are being implemented through a mission-mode approach. National Food Security Mission (NFSM) is being implemented since 2007 to enhance productivity and production of Rice, Wheat, Pulses, Coarse Cereals (maize and barley), Commercial Crops (Cotton, jute, and sugarcane), and Nutri-Cereals (Shree Anna), across the country through area expansion and productivity enhancement. In FY25, the scheme was renamed the National Food Security and Nutrition Mission (NFSNM). The National Mission on Edible Oils-Oilseeds (NMEO-OS) and the National Mission on Edible Oils–Oil Palm (NMEO-OP) are also being implemented to achieve self-sufficiency in oilseed production, aiming for nearly 70 million tonnes by 2030-31 through productivity enhancement, improved varieties, goodagricultural practices, private sector participation, cluster-based interventions, and assured procurement. To reduce import dependency on pulses by increasing productivity, the scheme Mission for Atmanirbharta in pulses, aimed at achieving self-sufficiency in pulses, was approved on 1st October 2025. These combined interventions have led to a significant expansion in oilseed and palm oil cultivation and production. Between 2014–15 and 2024–25, the area under oilseeds increased by over 18 per cent, production by nearly 55 per cent, and productivity by about 31 per cent. Domestic edible oil availability has risen from 86.30 lakh tonnes in 2015-16 to 121.75 lakh tonnes in 2023-24. This has lowered the share of imported edible oil, reducing it from 63.2 per cent in 2015-16 to 56.25 per cent in 2023-24, despite increasing domestic demand and consumption. Prime Minister Dhan Dhaanya Krishi Yojana: Envisioning prosperity for all, the Government of India, in its Union Budget for 2025, announced the development of 100 Aspirational Agricultural Districts under “PM Dhan Dhaanya Krishi Yojana (PM-DDKY)”. PMMDKY was approved in July 2025 for six-years commencing with FY26, to cover 100 aspirational districts. The Scheme aims to enhance agricultural productivity, increase adoption of crop diversification and sustainable agricultural practices, augment post harvest storage at the panchayat and block levels, improve irrigation facilities, and facilitate availability of long-term and short-term credit. Crop Insurance Support: The Pradhan Mantri Fasal Bima Yojana (PMFBY) provides farmers with essential protection against crop losses resulting from natural calamities, pests, diseases, and adverse weather conditions throughout the crop cycle. In 2024-25, the scheme insured 4.19 crore farmers, a 32 per cent increase over 2022-23, covering 6.2 crore hectares, up 20 per cent from the previous year. The Survey concludes that Agriculture and Allied activities contribute nearly one-fifth of India’s national income at current prices. Given the relatively large share of employment in agriculture and allied activities, the sector remains central to India’s overall growth trajectory. Strengthening agricultural performance is therefore important for inclusive growth and ensuring food security. *** NB/RC/RK (रलीज़ आईडी: 2219956) आगंतुक पटल : 244 इस वज्ञ को इन भाषाओ ंम पढ़: Tamil , Urdu , ही , Bengali , Odia , Telugu , Kannada , Malayalam

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