In a bid to double farmers’ income by 2022, the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has recently approved the increase in the Minimum Support Prices (MSPs) for all ‘kharif’ crops for 2018-19 season.
It is a historic decision as it redeems the promise of the pre-determined principle of fixing the MSPs at a level of minimum 150 percent of the cost of production (as announced by Union Budget for 2018-19).
The Minimum Support Prices (MSPs) for all kharif crops of 2018-19 season have been increased by substantial margins in line with the announcement made by the Union Budget 2018-19. The Budget indicated that a paradigm shift in the agricultural policies is needed to achieve the objective of doubling farmers’ income by 2022 through greater emphasis on generating higher incomes of farmers.
Promoting cultivation of pulses can help India overcome nutrition insecurity, improve soil fertility by nitrogen fixation and provide income support to farmers. Increased MSPs for pulses will give a price signal to farmers to increase acreage for pulses.
- Under ‘Pradhan Mantri Fasal Bima Yojana’ insurance premium rates to be paid by farmers have been fixed at a very low rate of 2 % of sum insured for all kharif crops, 1.5% for all Rabi crops and 5 % for commercial and horticulture crops through the use of smart technology for early settlement of claims.
- Government of India has also launched a scheme to develop a pan India electronic trading platform under ‘National Agriculture Market’ (NAM) to integrate 585 regulated agricultural markets with the common e-market platform in order to facilitate better price discovery and ensure remunerative prices to farmers.
- India has also formulated a new model law for agricultural marketing, namely Agricultural Produce and Livestock Marketing (Promotion & Facilitation) Act, 2017 to provide farmers market options beyond the existing APMC regulated market yards.
- To extend the coverage of irrigation facilities ‘Pradhan Mantri Krishi Sinchai Yojana’ is being implemented to provide ‘Har Khet ko Pani’ (Water to every field) and improving water use efficiency ‘Per Drop More Crop ‘ in a focused manner.
- A dedicated online interface e-Krishi Samvad (e-Agricultural Dialogue) launched by the Government provides direct and effective solutions to problems faced by farmers.
- Government is also encouraging formation of Farmer Producer Organisations to aggregate their needs of inputs, farm services, processing and sale operations.
Source –All India Radio
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