A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
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Minimum support price: Unkept promises on cost mitigation, bad formula to determine MSP compound farm woes -Angarika Gogoi
-Firstpost.com Farmers across India are sceptical about the promised benefits of the minimum support price (MSP) promised by the government for their kharif crop. In a press release, the government announced that the MSP would be set at 50 percent over the cost of production and vowed to double farmers’ incomes by 2022. As Amrinder Singh Punia, a farmer and general secretary of the Punjab Agricultural University Kisan Club, points out, “Government...
More »In 4 years, farmers' income has increased by just Rs 2,505 per month: NABARD report -Jitendra
-Down to Earth Although the average Farm income per month saw a rise in the last four years, it is still not enough to help farmers cope with the current agrarian crisis A latest report by the National Bank for Agriculture and Rural Development (NABARD), a government agency, again, shows the vulnerability of Indian agriculture households. The NABARD All India Rural Financial Inclusion Survey (NAFIS) shows that average agriculture household income was...
More »Income of farm households 23% higher than non-farm homes: Nabard survey
-The Hindu Business Line New Delhi: The income of agricultural households, which account for nearly half the rural households in the country, surged to Rs 1,07,172 in 2015-16 at a annual compound growth rate (CAGR) of 12 per cent since 2012-13. According to a rural survey carried out by the National Bank for Agricultural & Rural Development (Nabard), while the average annual income levels of non-agricultural households in 2015-16 stood at Rs...
More »Agri export policy to prepare farmers for global market: Modi -Sayantan Bera
-Livemint.com The government is confident of doubling farmers’ income by 2022, says Modi New Delhi: Indian farmers are taking to new and scientific methods of cultivation by adopting organic and solar powered farming, while the government has formulated an agriculture export policy to prepare farmers for the international market, Prime Minister Narendra Modi said in his Independence Day speech on Wednesday. “Despite apprehensions of many, we have set a goal to double farmer...
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