Agriculture must attract youth, loan waivers no remedy, says MS Swaminathan

By: |
New Delhi | September 05, 2017 7:30 PM

Indian agriculture must become profitable to boost farmers' income and attract youth to the farm sector as loan waivers cannot be sustained, according to eminent scientist M S Swaminathan.

Indian agriculture, agriculture in India, farmers in India, Indian farmers, loan waiver, farm loan, loan waivers no remedyIndian agriculture must become profitable to boost farmers’ income and attract youth to the farm sector as loan waivers cannot be sustained, according to eminent scientist M S Swaminathan. (Image: PTI)_

Indian agriculture must become profitable to boost farmers’ income and attract youth to the farm sector as loan waivers cannot be sustained, according to eminent scientist M S Swaminathan. He also pitched for including pulses under the National Food Security Act (NFSA) to deal with the issue of deficiency of protein and micro-nutrients. Speaking at an agri conference organised by Indian Council of Food and Agriculture (ICFA), he said the country should move from food security to “nutritional security for all”. “Indian agriculture is facing challenge of climate change. Income of farmers is not going up. There is a continuous demand for loan waivers,” he said. Stating that loan waivers cannot be sustained, Swaminathan said Indian agriculture must become profitable and help raise farmers’ income. “Youth should get attracted to the agriculture sector,” he emphasised.

States like Maharashtra and Uttar Pradesh have announced debt waiver for farmers in view of distress because of fall in prices of agri-produce on bumper output. Swaminathan said Indian agriculture sector is having a number of anomalies such as Green Revolution and farmer suicides; bumper production and millions of people going hungry, and agriculture progress and problem of malnutrition. He also stressed on promoting farming with sea water in coastal areas as only 3 per cent of total water is fresh and the rest is sea.

Minister of State for Agriculture Parshottam Rupala said the country needs to boost oil seeds production as imports are hurting the farm sector as well as the country’s economy. He is of the view that the country has almost achieved self-sufficiency in production of pulses, but there is a need to sustain at this production level. Rupala reeled out several initiatives of the government to double farmers’ income such as soil health card, crop insurance scheme and linking of 540 mandies on electronic platform.

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1CCEA decision: Cabinet secretary-led group to review PM GatiShakti roll-out
2Indian economy to see 10.5% or higher growth this fiscal: Niti Aayog Vice Chairman Rajiv Kumar
3With recovery widening, Icra sees Q2 GDP at 7.7 pc