Skip to main content

Addressing Farm Distress

How can India overcome farm distress and create sustainable agri environment?

Addressing Farm Distress

   Indian agriculture scientist M S Swaminathan once said if 'Agriculture goes wrong nothing can go right in this country". This is very pragmatic statement because almost 50 percent of the population is directly or indirectly dependant on agriculture. Quantitatively, though it is contributing only 16-17 %, but qualitatively holds greater value due its linkage with food security and rural poverty in India. Thus, its sustainability is very essential.

   Sustainability of Agriculture can be enhanced by input management and output optimisation. Better soil health assessment through soil health card, irrigation facility through krishi sinchai yojna, livestock health through veterinary care, cheaper fertiliser, high yield variety of seed, adopting cropping pattern relavant to agro ecological regions will bring sustainability to agriculture sector.
   
   On the other hand, better marketing of yield, improved road connectivity, cold storage facility, near farm jobs in food processing industries will help to boost the farmers income. Other extension measures like fasal bima yojna will help to cope up with losses due to disasters. Govt programmes like National Mission Sustainable Agriculture will help to take measures for reducing farm distress.

  In order to retain the sustainability farmers need to adopt ecological practices related to infrastructural and technological aspects of farming. Whereas govt need to take care of timely intervention through institutional means. In this way we can ensure better future to our farming community.

Comments

Post a Comment

Popular posts from this blog

Essay on Boosting Economic Growth of India

Boosting Economic Growth India's GDP growth rate slowed down to 5 per cent in Q1 of FY20 and is expected to be around 6 per cent or below in this financial year. As former Reserve Bank of India governor Y V Reddy mentioned recently, a combination of cyclical and structural factors have been responsible for the slowdown.  One example is the auto sector. There seems to be a collapse of aggregate demand in the economy. Global uncertainties have added to the problem.  In the last few weeks, the government has announced several measures to improve both consumption and investment in different sectors and for the economy as a whole. The announcement of reduction in corporate tax rates may help in reviving the sentiments of the private sector but the tax revenue may also decline and put pressure on fiscal deficit. These stimulus and structural measures and monetary policy may help reviving the economy to some extent in the near future. But, these measures alone may...
Post a Comment
Read more

How to Improve Indian Financial System

How to Improve Indian Financial System India had been successful in managing the global financial crisis of 2008 but present condition of its banking sector is worst.  The reasons for this are mounting bad loans, poor accounting standards and lax supervision.  India's ratio of NPA has grown from lowest to highest in 8 years among G-20 club. The sudden rise in bad loan ratio is due to RBI strict monitoring  in recent years which was left hidden. Bad loan problem is high for SBI but private banks also have it. According to IMF Indian banks are more vulnerable to financial shocks then other emerging markets banks. Very few recommendation of Nayak Committee which was formed to suggest reforms to strengthen have been implemented even after three-and-a-half years. Government should undertake structural reforms for state-owned banks to improve Indian Financial system and boost growth and investment.
Post a Comment
Read more

Role and Function of NABARD

Discuss the Role and Function of NABARD (image source- NABARD website) National Bank for Agriculture and Rural Development was established on 12th July 1982 by an act of the parliament. It is an apex institution providing and regulating credit and other facilities for the promotion and development of agriculture, small scale industries, cottage industries, handicrafts, other rural crafts and allied economic activities in rural areas. Vision: Development Bank of the Nation for Fostering Rural Prosperity The main role of the NABARD is policymaking, planning as well as operation in giving credit to agriculture. Refinancing institution for the development of rural infrastructure. Not only giving credit facility but also monitoring, rehabilitation, restructuring and personnel training. It promotes sustainable agriculture and rural development through financial and non-financial innovation, technology for better prosperity. The Non-credit related function of the ...
Post a Comment
Read more