Increasing INEQUALITY is Dangerous
Indian Economy & Market|February 2023
Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar said that the budget aims at inclusive and comprehensive development of farmers, and the small farmers will benefit from the budget.
Increasing INEQUALITY is Dangerous

The total budget of the Ministry of Agriculture is about Rs 1.25 lakh crore this time. Out of this, provision of Rs. 60,000 crore has been made for the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan). There are about 86 per cent small farmers in the country, who have been greatly benefited through the Kisan Credit Card. The minister is absolutely right.

Just to remind him, besides the budgeted provisions, there have been multiple loan waivers for farmers, yet a recent report says the figures of suicide are growing in Maharashtra (this could be in other States too). And we are talking of five trillion dollar economy goal. At times it seems to be a joke.

The Marathwada region of Maharashtra reported 1,023 farmer suicides in 2022, up from 887 in the previous year. So far, 10,431 growers have ended their lives in the region’s eight districts since 2001. In the 2011-2020 decade, the highest number of farmer suicides at 1,133 was reported in 2015. Out of the 10,431 farmers who ended their lives since 2001, 7,605 had received aid as per the government norms.

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