Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Additional Rs 6,39,900 crore investment needed to double farmers' income

Additional Rs 6,39,900 crore investment needed to double farmers' income

Share this article Share this article
published Published on Aug 25, 2017   modified Modified on Aug 25, 2017
-PTI
 
NEW DELHI: An additional investment of Rs 6,399 billion is required from both public and private sectors to enable doubling of farmers' real income by 2022-23, a government committee said in its latest report.

At present, public investment is below national average in states like Assam, Kerala, Uttar Pradesh, Madhya Pradesh, Bihar, West Bengal, Tamil Nadu, Rajasthan, Punjab and Odisha.

Less developed states in the eastern region continue to lag behind in private investment, suggesting an urgent need to develop financial and other infrastructure, it added.

These are some of the suggestions made by the Committee on Doubling Farmers' Income headed by National Rainfed Area Authority CEO Ashok Dalwai, in first four volumes of the report released for public comment. The remaining eight volumes are yet to be released.

Given the large variations in the existing investment requirements across all states, the panel said: "The resource allocation for higher growth should be designed in such a way as to help achieve a balanced growth."

For a targeted 10.41 per cent annual increase in farmers' income, the required rate of increase in investment on private account is estimated at 7.86 per cent per annum, it said.

The estimated increase in weighted public investment (together in agriculture, irrigation, rural roads and transport and rural energy) is pegged at 14.17 per cent per year.

"The investment rates vary considerably across the states, ranging from 1- 24 per cent. The less developed states would require higher rate of public investment owing to initial low capital base in rural areas," it said.

To boost farmers' real income, the committee said there is need for an additional Rs 617 billion of private investment by 2022-23 at 2004-05 prices and Rs 1,318.4 billion at 2011-12 prices.

Please click here to read more.

The Economic Times, 14 August, 2017, http://economictimes.indiatimes.com/news/economy/agriculture/additional-rs-639900-crore-investment-needed-to-double-farmers-income/articleshow/60057405.cms


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close