India, Feb. 1 -- Agriculture and allied activities saw an allocation of Rs 1.62 lakh crore, an increase of around 7 per cent compared to Revised Estimates of Rs 1.51 lakh crore in 2025-26.

However, allocations for many of the important schemes remain either unchanged or were increased only marginally, except for a few like Krishionnati Yojna (scheme to enhance production, productivity and better returns on produce) whose allocation saw a substantial hike of Rs 4,400 crore in 2026-27.

Here is a look at some of the key schemes.

Cut in crop insurance

The budget for the government's flagship Pradhan Mantri Fasal Bima Yojana (crop insurance scheme) has been reduced from Rs 12,267 crore to Rs 12,200 crore. This cut comes at a critical time,...