Plea for Production Linked Incentive scheme specifically tailored for biologicals
By HARSH VARDHAN BHAGCHANDKA
President, IPL BIOLOGICALS
IPL BIOLOGICALs anticipate a transformative budget that aligns with the pivotal role of biofertilizers and biopesticides in sustainable agriculture.
Our foremost expectation is the exemption of GST on biofertilizers and biopesticides, fostering affordability and accessibility for farmers. This step would catalyze the adoption of eco-friendly agricultural practices, promoting a harmonious balance between productivity and environmental stewardship.
Moreover, we look forward to the implementation of a Production Linked Incentive (PLI) scheme specifically tailored for biologicals.
This strategic measure would not only encourage indigenous production but also stimulate research and development, fortifying India’s position as a global hub for bio-based agricultural solutions.
Recognizing the significance of transitioning from chemical-based to biological farming, IPL BIOLOGICALs urges the government to introduce incentives for farmers making this shift.
Financial rewards or subsidies would serve as a catalyst, motivating farmers to embrace sustainable practices that benefit both the environment and crop yields.
