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Linking farmers to futures market in India -Tirtha Chatterjee, Raghav Raghunathan and Ashok Gulati

standards required for agri-futures trade are met. In her Budget speech for Union Budget of FY20, the Union Finance Minister has set a target of creating 10,000 FPOs in the next five years (by 2024). NABARD has already been in this process of creating FPOs for the last few years (already has more than 3000 FPOs) and the major responsibility of scaling them with 10,000 new ones, is likely to fall on NABARD.

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A reality check indicates that MSP set for 2019-20's kharif crops is not 1.5 times the 'C2' cost of production

rif crops 2018-19, Ministry of Agriculture & Farmers' Welfare, please click here to access  (iv) MSP (in Rs. per quintal) according to crop years (2013-14 to 2017-18) as on 7th June, 2017, NABARD, please click here to access  (v) MSP Rabi Crops to be marketed in 2019-20, Ministry of Agriculture & Farmers' Welfare, please click here to access    Figures related to ‘A2+FL’ Cost of Production of kharif crops

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Are farm loan waivers a political gimmick? -Vikas Dhoot

investment in the sector as a percentage of GDP is also stagnant. So, these factors, along with two years of drought, have led to this. Another thing is that the non-farm sector creates jobs. As per NABARD [National Bank for Agriculture and Rural Development] data, 23% of rural income is from agriculture, so the rest is from non-farm activity. The rate of growth in agricultural wages has stagnated and is lower than in earlier years when MGNREGA and t

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Promises to the farmers -Ashok Gulati & Ritika Juneja

ted 14.6 crore farm families as per the 2015-16 survey, this would cost about Rs 87,600 crore per annum. This may be the largest direct income support (DIS) by the government of India (GoI). But as a NABARD survey on financial inclusion showed, the average farmer household income was Rs 8,931 per month in 2015-16, which by now must have crossed Rs 10,000 per month (or Rs 1,20,000 per annum) in nominal terms, after adjusting for inflation. So, a suppor

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Will PM-Kisan transform India's agriculture support ecosystem? -Sayantan Bera

Rs.2,000 per family. How significant is this supplementary income for an average farmer family? According to data from the All India Financial Inclusion Survey (NAFIS) released by apex rural bank NABARD in August last year, on an average, farm households earn about Rs.8,931 per month. An income support of Rs.500 implies their monthly incomes will rise by 5.6%. While the amount is not insignificant for extremely poor households who own very little

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Will the PM Kisan Scheme Impress India's Farmers? -Varun Kumar Das

If the target is not poverty alleviation, then is it aiming to battle rural indebtedness? A recent survey on financial inclusion conducted by the National Bank for Agriculture and Rural Development (NABARD) finds a burden of indebtedness at Rs 1,04,602 per agricultural household for 2016-17. Naturally, an annual income support of Rs 6,000 will not cover the average outstanding debt. Unlike other market intervention schemes in agriculture, income s

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No budget for farmers -Ashok Gulati

eeds to be reviewed. The real need is to expand the reach of farmers to institutional credit. The Kisan Credit Card (KCC) was an innovative policy of the Vajpayee government, but the latest survey of NABARD on financial inclusion (2015-16) shows that only about 10 per cent of farmers are using these cards. One needs to understand the constraints and find solutions to expand and deepen its coverage. The schemes for cow protection and upgrading their

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Income transfer can ease farm distress -A Narayanamoorthy & P Alli

money from institutional sources. Shockingly, only 14 per cent of marginal farmers and 24 per cent of small farmers got credit from institutional sources. According to a recent survey conducted by NABARD [All India Rural Financial Inclusion Survey in India in 2016-17], only 30.3 per cent of farmers have taken loans from institutional agencies. From this it can be inferred that almost 70 per cent of farmers do not enjoy loan waivers. In particula

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Tenant farmers being left high and dry -B Yerram Raju

y also account for 80 per cent of farmers’ suicides in the country. With farmers taking to the streets to highlight their issues these problems should be addressed. State level panel data of NABARD indicate that a 10 per cent increase in agricultural growth leads to a 2.1 per cent rise in GDP. Uneconomic holdings, lack of adequate credit flow and poor insurance cover to the tenant farmers prevents such growth. An inclusive growth agenda requi

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