“The Union Budget 2023 is quite optimistic for the agritech sector. Their contribution to economic growth has been well recognized. Budget 2023 envisages an open-source digital infrastructure for agriculture and an agriculture accelerator fund focused on youth entrepreneurship in the rural area is quite appreciated. It will provide impetus to the nascent agri-tech sector and could help boost the sector which employs nearly half of the country’s workforce.
Moreover, an open-source digital infrastructure will enable inclusive farmer-centric solutions through relevant information services of planning and health, improved access to farm inputs, credit and insurance help for crop estimation, market intelligence, and support for the growth of agritech startups.
Also, digitalizing the field of agriculture with the latest technologies is a need of the hour and very well-focused in the budget 2023. It will boost sustainable agriculture productivity; help farmers deal with the majority of the problems that they face on an everyday basis and in return will enhance profitability.”
