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LATEST NEWS UPDATES | Bengal farmer earns 3 times less than Punjab counterpart: NABARD report

Bengal farmer earns 3 times less than Punjab counterpart: NABARD report

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published Published on Oct 16, 2022   modified Modified on Oct 17, 2022

-IANS/Business Standard

A recent report titled by the National Bank for Agriculture & Rural Development (NABARD) has pointed out that West Bengal's farming sector is lagging behind other states on two crucial counts.

A recent report titled "Farmers' Welfare: An analysis across states of India," by the National Bank for Agriculture & Rural Development (NABARD) has pointed out that West Bengal's farming sector is lagging behind other states on two crucial counts.

The first area is that of the average monthly income of a family in the state totally dependent on farming. As per the NABARD report, the average annual income of such a family from farming is Rs 92,072 which means the average monthly income is Rs 7,573. As per the NABARD report only six other states -- Andhra Pradesh, Bihar, Jharkhand, Odisha, Tripura and Uttar Pradesh -- are behind West Bengal on this count. Punjab with an average monthly figure of Rs 23,133 is the topper among all Indian states, followed by Haryana at Rs 18,496 and Kerala at Rs 16,927.

The second area as pointed out in the NABARD report is the quantum of agricultural loan granted per hectare of farmland in the state. West Bengal's rank among all the states on this count is 15th with the agricultural loan per hectare of land standing at just Rs 55,000, which when translated into loan per acre is Rs 22,000. Kerala is the topper with the per hectare agricultural loan there standing at Rs 3,68,000, which when converted into acres is Rs 1,47,200.

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IANS/Business Standard, 16 October, 2022, https://www.business-standard.com/article/current-affairs/bengal-farmer-earns-3-times-less-than-punjab-counterpart-nabard-report-122101600086_1.html#:~:text=As%20per%20the%20NABARD%20report,West%20Bengal%20on%20th


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