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Govt to set up panel to increase farm income

Panel will identify potential areas of agriculture where more investment should happen

Policy Pulse
Publish Date: Apr 22 2016 4:18PM | Updated Date: Apr 22 2016 4:26PM

Govt to set up panel to increase farm income

 Centre has set up committee to prepare a blueprint for doubling farmers' income by 2022, as promised by PM Modi.

 
"The committee will chalk out a plan to shift farm policies from being production-oriented to based on incomes," a senior Agriculture Ministry official was quoted as saying in a media report.
 
Panel will identify potential areas of agriculture where more investment should happen and suggest ways to reduce risk of farming by diversifying to horticulture and allied activities like livestock and fisheries to boost income, the official added.
 
Government's decision to set up panel comes after budget announcement that set a target of doubling farm incomes by 2022.
 
Panel, will also look at reducing the cost of cultivation and addressing unpredictability of weather and price fluctuations in farm sector.
 
"The government is focusing not only on increasing crop yields but also on reducing the cost of cultivation to increase the net income of farmers. The schemes on soil health card, neem-coated urea and per drop more crop, are aimed at bringing down the cost of cultivation," the official said.
 
Government is trying to address the volatility in agriculture due to market fluctuations, and due to weather by setting up an electronic National Agriculture Market and implementing a new crop insurance scheme, he added.