Farm relief, new MSP regime on govt's to-do list
The Narendra Modi government’s new agenda for the crisis-ridden farm sector is being geared towards achieving the single goal of doubling agricultural incomes — a legacy of its first term in office.
Prime Minister Modi had ambitiously promised a 100% jump in farmers’ incomes between 2017 and 2022, but farmers have been hobbled by unprofitable sales and even negative returns on some crops, as farm produce continue to sell below federally fixed rates known as minimum support prices (MSPs).
A three-pronged agenda is likely to be taken up, one that will aim to overhaul the MSP regime and warehousing and agricultural markets as well as widening of income support to farmers, an official said on condition of anonymity.
Please click here to read more.