Union Budget 2026 is an enabling Budget that strengthens execution and growth enablers for agriculture: FSII

Ajai Rana

Chairman, Federation of Seed Industry of India (FSII) and CEO & MD, Savannah Seeds

February 1, 2026

FSII says Union Budget 2026 is an enabling Budget that brings together the key ingredients for agricultural growth, strengthens execution of past measures, and reinforces the role of quality seeds, digital advisory and resilient farm systems.

The Federation of Seed Industry of India (FSII views Union Budget 2026 as an enabling and complementary Budget to the previous year’s that brings together the essential ingredients for agricultural growth, while strengthening the institutional and digital architecture needed to professionally implement and enforce measures announced in previous Budgets.

From a seed sector perspective, the Budget reinforces the schemes launched last year on pulses, oilseeds, high quality seeds and planting material in driving productivity, diversification and farmer incomes. 

Measures supporting cooperatives and input supply chains announced in this budget will complement and improve overall agricultural scenario. 

FSII also sees Bharat-VISTAAR as an important enabler that can amplify the impact of science-based seed technologies through better, data-driven farm advisories.

At the same time, the industry had expected measures such as the restoration of the 200% weighted tax deduction on R&D, GST rationalisation for seeds, and a PLI-type incentive framework to further strengthen innovation and domestic seed development. FSII believes these remain important enablers for long-term competitiveness and looks forward to continued engagement with policymakers on these aspects.

Overall, the Budget provides a stable and execution-focused framework, creating confidence that past and present policy measures can translate into tangible outcomes for farmers and the seed ecosystem.