Top 5 reasons why Farmers are benefiting under Modi government

The growth of any nation is deeply connected to the well being of the farmer and the productivity of farming. The new India is envisioned by Prime Minister Narendra Modi who is running on his motto of SABKA SAATH, SABKA VIKAAS. Farmers' welfare is an integral part of his visions. The initial steps of any transformation in the country come from awareness. Awareness is very important as to how the people of this nation are contributing to the welfare of the nation. According to recent research, the government raised the allocation budget for agricultural ministry by 7.81 percent to Rs. 52,655 crores from 2017-18 from Rs. 48,840.50 crores (approx) of this fiscal. The total allocation for agriculture and allied sectors is been raised to Rs.57,502 crores for the next fiscal. With the nation, farmers will also receive benefits under various policies and culture. Hereby mentioning the top 5 reasons why farmers are benefiting under the Modi government.

  1. Empowering  farmers:

To ensure that the farmer reaps good yields, focus on strengthening sowing related activities is imperative. The government has taken various steps in this regard. Considering that the health of the soil plays a vital role in agriculture, the government has dispatched more than 13 crore soil health cards from 2015 to 2018. Enabling higher productivity and motivating farmers by giving them facilities has been a major goal for the government. Modi government has taken important policy initiatives to address the issue of farm credit and save farmers from being exploited in the hands of the informal credit sources such as moneylenders. The government has made sure that all the records of allocation, farm credit, food grain production, stock of pulses will be taken care of and revised with the inputs and outputs in the same.

  1. KISAN Scheme:

PM Kisan scheme is a central sector with 100% funding from the government of India. Under this scheme, income support of Rs.6000/- per year in three equal installments will be provided to small and marginal farmer families having combined landholding/ownership up to 2 hectares. As per a resource, over 7 crore farmers have already benefited under this scheme to date. Most of the registrations for the scheme have been registered from Haryana. No fee is charged to register for the same and all the small and marginal farmers are very much grateful to the government after this scheme. With time, the government is planning to bring more benefits and increase the decided amount. The government has been relying on budgetary allocation for future decisions.

  1. Crop insurance scheme:

The government launched the Pradhan Mantri Fasal Bima Yojana in the year 2016. It was mainly advertised as incorporating the best features of earlier crop insurance schemes while removing all their shortcomings. Since crops are the only bread and butter for farmers it was very important for them to acknowledge and be educated about this scheme. By the end of 2015-16, the National Agricultural Insurance scheme accounted for 64% of the insured farmers which was huge. Farmers are about to pay low fixed premiums according to the affordability. Currently, farmers are paying a uniform premium of 2% for Kharif crops and 1.5% for Rabi crops and the government pays the balance premium. It is a risk pooling scheme for the government as well but they are making sure it is voluntary for the farmers for their benefits in the near future.

  1. Doubling the farmers' income by 2020:

Previously the strategy for the development of the agriculture sector in India was focused primarily on raising agricultural output and improving food security. Increasing productivity through better technology and varieties was one of the major goals. And for that education and providing facilities to farmers is very important for good quality and quantity. Doubling the farmers' income by 2020-2022 also requires annual growth of 10-11 percent in farmers' income. The previous and ongoing rate of growth in farm income has to be sharply accelerated for the same. Strong measures are required to harness all the possible sources of growth in income within as well as outside the agriculture sector in India. Sources like improvement in productivity, increase in crop intensity, saving in cost of production are few of the major things to be taken care of. Other programs that are launched also need to be implemented to assure the desired effect on farmer's income.

  1. Agriculture Budget:

The two drought years could have been effectively managed if the government focused on strengthening the irrigation network systems in the country. The Pradhan Mantri Krishi Sinchayee Yojana has always been underfunded because of which the agriculture sector was affected. The farming community is still struggling to cover the cost of cultivation apart from any income and profits. The government is taking steps to enhance profitability in agriculture by ensuring a minimum 50% profit over the cost of production, cheaper agriculture, inputs, and credits. Introducing and promoting low water consumer irrigation techniques and optimum utilization of resources. Crop planning based on soil assessment and setting up mobile soil testing labs.

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