Strategies for Doubling Farmers Income by 2022
Narendra Modi to double farmers’ income by 2022-23 is central to promote farmers’ welfare, reduce agrarian distress and bring parity between income of farmers and those working in non-agricultural professions.
It is apparent that income earned by a farmer from agriculture is crucial to address agrarian distress (Chand 2016) and promote farmers welfare. In this background, the goal set to double farmers’ income by 2022-23 is central to promote farmers welfare, reduce agrarian distress and bring parity between income of farmers and those working in non-agricultural professions.
Sources of Growth in Farmers Income
The major sources of growth operating within agriculture sector are:
- Improvement in productivity
- Resource use efficiency or saving in cost of production
- Increase in cropping intensity
- Diversification towards high value crops
- Shifting cultivators from farm to non-farm occupations
- Improvement in terms of trade for farmers or real prices received by farmers.
Doubling Farmers Income by 2022 Roadmap & Action Plan
- Increase in productivity of crops
- Increase in production of livestock
- Improvement in efficiency of input use (cost saving)
- Increase in crop intensity
- Diversification towards high value crops
- Improved price realization by farmers
- Shift of cultivators to non-farm jobs
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