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Growth in Agri GVA deflator shows a declining trend in comparison to growth in other sectoral GVA deflators

Recent studies and media reports have confirmed that Indian farmers are facing non-remunerative and sometimes falling prices. A past news alert by the Inclusive Media for Change team indicated deflation in wholesale prices of 8 kharif crops (viz. maize, arhar, moong, urad, groundnut, soybean, sunflower seed and Niger seed) on average between 2016-17 and 2018-19. Based on data analysis, that news alert also demonstrated how the rural areas have witnessed...

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'Access to formal credit increases income of farmers' -TV Jayan

-The Hindu Business Line Letting farmers use Kisan Credit Card for non-farm use for a limited time can help improve credit facility to small farmers The returns earned by farmers, who have access to formal credit, are on an average 17 per cent higher than what farmers, who are dependent on informal sources including loan sharks, earn, said an agricultural economist. Besides, access to institutional credit increases the per capita monthly consumption expenditure...

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A meaningful safety net for the poor -Kirit Parikh

-The Indian Express Government’s scheme to pay Rs 6,000 every year to poor rural households will increase their expenditure, reduce poverty by 10 to 20 per cent in many states. In the last week of February, the government launched a scheme to pay Rs 6,000 every year to poor rural households who own less than 2 hectares of land. The scheme will have an annual outlay of Rs 75,000 crore. The...

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Resources for Welfare Expenditure -Prabhat Patnaik

-Networkideas.org The basic income scheme that is in the air these days, which amounts to handing over a certain sum of money to every household to ensure that it reaches a threshold cash income, is an extremely flawed scheme. Instead of enjoining upon the state the obligation to provide essential goods and services like food, education, and health, to its citizens, it absolves the State of all such responsibility, once it...

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PM Fasal Bima Yojana is suffering from low coverage since the last 2 years

  The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...

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