Prerna Terway a research assistant at Icrier.
Loan waivers are poll bait. What is needed is a structured and stable income support policy.
Supporting agriculture through input subsidies is the ‘dumb’ approach. Priority must now be given to investment in the sector and ensuring farmers have access to the latest technologies.
With a glut in agricultural production, prices have fallen below MSPs. The government needs to get the agri-market right to address the farm crisis
n the first three years of the Modi government, the average agricultural GDP growth in real terms has been just 1.7 per cent.
Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime
Building on the Jan Dhan framework, India should move from price to income support
Government must not ignore the warning signs. It needs to double its overall support to farmers and move from price policy to direct income support.