-The Financial Express The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the Agri-umbrella programme, ‘Green Revolution — Krishonnati Yojana’ for two more years. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the Agri-umbrella programme, ‘Green Revolution — Krishonnati Yojana’ for two more years with an outlay of Rs 33,000 crore. The programme merged 11 schemes for a holistic and scientific approach towards...
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Banking on normal monsoon, Centre sets record foodgrain target
-The Economic Times New Delhi: The Agriculture ministry is targeting record foodgrain output of 283.7 million tonnes in the crop year beginning July, with 140.20 million tonnes targeted for the kharif (summer-sown) crop, on expectation of normal rains during the June-September monsoon season. “The weather office forecast of normal monsoon this year is good news for kharif planting and farmers,” Agriculture Minister Radha Mohan Singh said. He said the government was working...
More »Direct income transfers will help farmers more than minimum support prices, says new report -Mridula Chari
-Scroll.in A new report says that a crop-neutral direct payout scheme might be better than paying farmers the difference between market price and production cost. Raising minimum support prices to 1.5 times the cost of production could severely distort agricultural markets, suggests a new report from the Indian Council for Research on International Economic Relations. The report takes a look at government schemes to bolster the crop procurement process. The Centre offers...
More »Maharashtra Witnesses Rise in Farmer Suicides, 696 cases in 3 months - Shilpa Shaji
-Newsclick.in The government has chosen not to intervene in the market prices of the seasonal crops, forcing farmers to deal with the debt and the crisis on their own. Despite the Maharashtra government’s farm loan waiver scheme to “settle” the agrarian debts of farmers, the number of farmers committing suicide in the state continues to rise. The state has witnessed a total of 696 farmer suicides in the initial three months of...
More »Farm distress: direct income support 'less distortionary', says ICRIER study -TV Jayan
-The Hindu Business Line New Delhi: Giving direct income support (DIS) to farmers — similar to what Telangana recently launched — may be a better option than the price deficiency payment (PDP) scheme or higher minimum support price (MSP) to address farm distress, according to a new study. Paying higher MSP based on cost-plus pricing would lead to market distortion. PDP schemes such as Bhavantar Bhugtan Yojana (BBY), which was in force...
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