The agricultural sector received a much-needed boost in the 56th GST Council meeting. The government has announced significant reductions in GST for items widely used by farmers, such as tractors, irrigation equipment, and fertilizers.
This means farmers can now buy farming machinery and inputs at a lower cost. Tractors, which are the backbone of modern agriculture, will now be more affordable. Similarly, irrigation tools and fertilizers – two essentials for good crop production – will be available at reduced prices.
The move is expected to reduce the burden on farmers, especially small and marginal ones, who often face challenges with rising agricultural expenses. By lowering input costs, the government is aiming to increase farmers’ productivity and profitability.
This decision also aligns with the vision of Aatmanirbhar Bharat (self-reliant India). Cheaper farming equipment encourages more farmers to adopt modern technology, leading to better yields and growth in rural incomes.
Overall, the GST relief is not just about lower costs, but about empowering farmers and strengthening India’s agricultural backbone.
