The Indian government has established policies to support the prices of 22 agricultural crops through the Food Corporation of India and state agencies. These policies, including Minimum Support Prices (MSP) and Fair and Remunerative Price (FRP) are decided by the Commission for Agricultural Costs and Prices and aim to increase farmers’ incomes through programs, schemes and reforms such as PM-KISAN, PMFBY, PMKSY and the use of drone technology in agriculture.
Overview
The Indian government has set up policies to help farmers get better prices for the crops they grow. These policies are called the Minimum Support Prices (MSP) and the Fair and Remunerative Price (FRP). The government decides the prices for 22 crops, taking into account the views of different government agencies and other important factors. To make sure that farmers get the support they need, the government buys their crops at the MSP through the Food Corporation of India and other state agencies. Additionally, the government has implemented various programs and reforms to increase farmers’ incomes, such as giving supplementary income transfers, providing crop insurance, improving access to irrigation, and promoting the use of drone technology in agriculture.
Farmers in India are the primary beneficiaries of these policies established by the government. They receive support for the prices of their crops through the government’s procurement programs. This MSP, set by the government for 22 crops, helps the farmers to receive a fair price for their produce. The government’s focus on supporting farmers through the policies provides stability and security to the agricultural sector, helping farmers to make a sustainable living from their crops.
Important points
- The Indian government sets the Minimum Support Prices (MSP) and Fair and Remunerative Price (FRP) for 22 crops.
- The government buys crops at the MSP through the Food Corporation of India and state agencies.
- The government implements programs and reforms to increase farmers’ incomes, such as:
- Supplementary income transfers through PM-KISAN
- Crop insurance under Pradhan Mantri Fasal Bima Yojna (PMFBY)
- Improved access to irrigation through Pradhan Mantri Krishi Sinchai Yojana (PMKSY)
- Infrastructure creation through the Agri Infrastructure Fund (AIF)
- Kisan Credit Cards (KCC) for agri and allied sector related loans
- Promotion of 10,000 Farmer Producer Organizations (FPOs)
- National Mission for Sustainable Agriculture (NMSA)
- Adoption of drone technology in agriculture
- Bee-Keeping, Rashtriya Gokul Mission, Blue Revolution, Interest Subvention Scheme, agro-forestry, restructured bamboo mission, etc.
- These policies and reforms aim to provide stability and security to the agricultural sector, helping farmers make a sustainable living from their crops.
Conclusion
The Indian government is taking significant steps to support the country’s agricultural sector and its farmers. From setting minimum support prices for crops and fair and remunerative prices for sugarcane to implementing income-enhancing programs like PM-KISAN, crop insurance, and access to irrigation, farmers are being given the resources they need to thrive. The government’s efforts are aimed at improving farmer’s livelihood and ensuring they have stability and security in their work. Additionally, with programs like the Agri Infrastructure Fund, farmers have access to resources that can help improve their operations and production. By supporting farmers and the agricultural industry, the government is helping to secure a sustainable future for this important sector. These efforts give farmers the confidence they need to grow their crops, knowing they will be able to sell them at fair prices and helps to ensure the long-term viability of the agricultural industry.
Note: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. Pesticides are a considerable risk of loss in crops and viewers are advised to do their own research before making any decisions.
