Doubling Farmers’ Income (II): Policy & Governance

Objectives

• Create a policy environment that enables income security for farmers, whilst maintaining India’s food security.
• Encourage the participation of the private sector in agricultural development to transition from agriculture to robust agri-business systems.
• Promote through government policies the emergence of ‘agripreneurs’ so that even small and marginal farmers can capture a higher share of value addition from ‘farmgate to fork’.

Current Situation

• The country took 22 years to double farmers’ income at an annual growth rate of 3.31 per cent during 1993-1994 to 2015-16; doubling farmers’ income between 2015-16 and 2022-23 will require an annual growth rate of 10.4 per cent in farmers’ real ....