-Business Standard Instead of addressing systemic problems in agriculture, farm politics in the state is about how much money the government can offer the farmer as a dole The Shiromani Akali Dal (SAD), led by Parkash Singh Badal and son Sukhbir, was in a dilemma a year before the 2012 Assembly elections in Punjab. The Akalis had ruled Punjab since 2007 but no party had ever returned to power for a second...
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Crop insurance: new dawn for farmers? -Rajalakshmi Nirmal
-The Hindu Business Line The new scheme offers lower premium, more risk cover and hassle-free settlement Crop Insurance Schemes have not been a hit with Indian farmers in the past. High premia, limited coverage, complicated ways of assessing losses and delayed payment of compensation have kept farmers away from them. Given the high risk of crop damage in India, with significant loss in food grain production in 18 of the last 54 years...
More »Limited outreach of subsidised crop loan scheme among small & marginal farmers
The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
More »Counterproductive Farm Policies -PSM Rao
-Outlook In the last two decades, more than 300,000 farmers have ended their lives. What can be done? Indian agriculture is important as it feeds an estimated 1.3 billion population of the country and is also burdened with the responsibility of providing livelihoods to 60 per cent of the people — 780 million people. No foreign country can produce this mammoth quantity of food and supply to India nor any sector...
More »PM Modi outlines 7-point strategy to double farmers' income
-IANS NEW DELHI: Prime Minister Narendra Modi on Monday unveiled a seven-point strategy to double the income of farmers in six years with measures to step up irrigation, provide better quality seeds and prevent post-harvest losses. "In the past, the emphasis has been on agricultural output, rather than on farmers' incomes. I've set the objective of doubling the farmers' income by 2022," the prime minister told the Bloomberg India Economic Forum here. "I...
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