(GIST OF YOJANA) Farm Productivity to Income Inclusiveness [MARCH-2018]

(GIST OF YOJANA) Farm Productivity to Income Inclusiveness


Farm Productivity to Income Inclusiveness

The Union Budget 2018-19 is an exemplary effort for Sabka Sath Sabka Vikas. The budget puts all its weight for improving the agrarian economy and has a suitable blend of inclusiveness, innovations and out of box initiatives. The emphasis laid on income rather than production alone has been an obvious choice as though, input intensive agriculture, so far, has transformed a food deficit nation into food surplus and net exporter, but the impressive gains of technology were harnessed largely in select geographies leaving large tracts that do not enjoy the luxury of adequate water at all quarters of the years, far behind. The declining size of farms, depleting resources and escalating costs of applied inputs and farm labourers has reduced the net return from farming.

India’s long neglected agrarian prowess found its deserving mark in the Finance Minister’s budget speech for the financial year 2018~ 19. The proposed financial statement presented on 1"t February, 2018 is a bold outline for a multi-dimensional attack on farmer distress. It is comprehensively anchored around inclusiveness with a focus on innovations, income, investment and rural infrastructure. On a budgetary note, the increase in allocations to agriculture and allied sector for the financial year 2018-19 at about 15 percent looks slightly lower, but the inter se priorities has set the tone and the tenor in which the Government wants to deal with farmers’ risks with 22 percent higher allocation to crop insurance under PM Fasal Bima Yojana than previous year.

The comparative statement of actual expenditure of 2016-17, revised estimates of 2017-18 and the budgetary allocation of 2018-19 obviously indicate a definite trend of priority setting of the Government. All the critical segments of Indian farming have been focused with higher budgetary allocation and the continuum has been brought under more inclusion with some of the path breaking statements of action envisaged in the Union Budget 2018-19. A clear set of initiatives marking a paradigm shift in the fundamental way of approaching agriculture sector has been envisaged.

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Courtesy: Yojana