The first hour of Arun Jaitley’s Budget speech in the parliament during the railway budget was mostly about famers, rural livelihood and social security.
A slew of announcements, including minimum support price for farmers, easily accessible markets, disposal of crop residue, development reforms were made in the speech were the aggregates of the budget 2018.
With respect to farmers, the Union Budget 2018 has put emphasis on staying true to government’s promise of doubling farmers’ income.
To this end, Jaitley kept minimum support price or MSP of kharif crops at one and a half times the production cost of the crops. Minimum Support Price is the price at which government purchases crops from farmers.
MSP Kept at 150 percent of Production Cost
Arun Jaitley announced that the minimum support price for all the unannounced Kharif crops will be kept at least 150 per cent of their production cost. As of now, most of the rabi crops get one and a half times their production cost as MSP. The remaining rabi crops will also be brought under the aegis of this decision.
If the market prices are lower than the prescribed prices, then either government will have to buy the crops from farmers on MSP or ensure a mechanism where farmers are paid their due, Jaitley said during his fifth Union Budget speech.
Upgrading Local Agri Markets, Expanding E-NAM Network
Jaitley announced a total of 22,000 rural haats will be upgraded for the benefit of small farmers. These will be turned into Gramin Agricultural Markets (GrAMs) where farmers can sell their produce directly to consumer and bulk purchasers. The government also plans to strengthen physical infrastructure at these local agri markets through MGNREGA and other government schemes.
この記事は Business Of Agriculture の January - February 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Of Agriculture の January - February 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Internet Of Things Based Smart Farming: A Revolution On Its Way
In this technological era of smart cities and digitalisation of livelihoods, the primitive method of farming is slowly fading away.
Covid-19 Implications For Farmers, African Agriculture And Food Security
How will Africa ensure food security for its millions of poor citizens and smallholder farmers?
Covid-19 Impact On The Livelihood Of Small And Marginal Farmers
In India, small and marginal farmers account for 86.2 percent of all farmers (Agriculture census 2015 – 2016) and produce about 60 percent of farm goods.
Climate Change And Its Impact On Indian Agriculture
Climate change is caused by a change in the total amount of energy that is kept within the Earth’s atmosphere.
SafalFasal unlocks financial access for 75,000 Indian farmers, aims to repair Coronavirus-hit supply chain
Global digital payment solutions leader BPC and its SME Marketplace, SafalFasal, have supported more than 75,000Covid-hit farmers across India by offering technological and financial solutions to help the farm sector keep food and supply chain rolling, during and after the lockdown phase. The company has successfully extended formal financing to the farming industry by creating an easy credit line via NBFCs.
SECURING FARMERS WITH TECHNOLOGY: HOW AGRITECH CAN BE A SOLUTION TO FARMERS' PRODUCE-RELATED WOES
Contributing about 15 percent to India’s GDP, the agricultural sector sustains almost half the population of the country.
ISSUES AND PRIORITIES FOR INDIAN AGRICULTURE
Agriculture is the backbone of the Indian economy as 60 percent of the population depends directly or indirectly on agriculture.
THE IMPACT OF CORONAVIRUS ON THE AGRICULTURE SECTOR OF INDIA
As the world comes to a standstill and public life shuts down across the globe, all have their eyes on the healthcare systems which are buckled under the strain of the COVID-19 pandemic.
INDUSTRY 4.0 IN AGRICULTURE
At present, the world population is around 7.8 billion and expected to grow up to 8.5 billion in 2030, 9.7 billion in 2050 and 10.9 billion by 2100.
AN OVERVIEW OF THE OUTCOMES OF THE G-20 AGRICULTURE MINISTERS' MEETING
The international system works in a collective mechanism on certain issues wherein countries form groups to tackle an emergency or crisis.
