How is it possible that we get different figures on area brought under micro-irrigation pertaining to the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)-Per Drop More Crop (PDMC)--a scheme which is implemented by the Ministry of Agriculture & Farmers' Welfare? The dashboard (https://pmksy.gov.in/mis/frmDashboard.aspx) of PMKSY-Per Drop More Crop clearly shows that 11.25 lakh hectare was brought under micro-irrigation in the financial year 2017-18. Please check chart-1. Chart 1: Physical target versus achievement --...
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RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh
-The Hindu Business Line In the wake of the government announcing direct income support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...
More »Why Universal Basic Income is Fraught With Serious Problems -Prabhat Patnaik
-Newsclick.in Income support should not lead to the State washing its hands of the poor after handing them a certain sum of money whose real value too would dwindle over time. With Congress president Rahul Gandhi’s announcement recently at Raipur that his party had taken a “historic decision” to introduce an income guarantee scheme for the poor, and with the general anticipation that the Narendra Modi government’s last budget will also announce...
More »Why everybody loves Universal Basic Income -Ankita Dwivedi Johri
-The Indian Express The Budget has promised an Assured Income to farmers, Rahul Gandhi a minimum income guarantee, and Sikkim a universal basic income by 2022. Back in 2016-2017, the Economic Survey said UBI was an idea whose time was ripe for discussion. As that talk picks up in the run-up to the Lok Sabha elections, The Indian Express parses the debate, starting from India’s only two pilot projects FINANCE Minister...
More »MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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