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  1. How PM Modi plans to increase farmers’ income by 2022 using new approach; here’s his 4-step formula

How PM Modi plans to increase farmers’ income by 2022 using new approach; here’s his 4-step formula

Prime Minister Narendra Modi on Tuesday shared his roadmap for doubling farmers' income by 2022, saying that it will not be done by using old approach. Addressing over 300 stakeholders of agriculture during 'Agriculture-2022: Doubling Farmers' Incomes', Narendra Modi laid 4-point formula for achieving the ambitious target.

By: | Updated: February 20, 2018 6:37 PM
How PM Modi plans to increase farmers’ income by 2022 using new approach; here’s his 4-step formula. (Image: ANI)

Prime Minister Narendra Modi on Tuesday shared his roadmap for doubling farmers’ income by 2022, saying that it will not be done by using old approach. Addressing over 300 stakeholders of agriculture during ‘Agriculture-2022: Doubling Farmers’ Incomes’, Narendra Modi laid 4-point formula for achieving the ambitious target.

He said that steps that needed to be taken are: how to decrease the production cost of farmers, increase their minimum support price, stop wastage of crops and provide additional income to farmers. “What has been struck for 25 years, we are trying to achieve in next 24-25 months,” Narendra Modi said, adding that irrigation projects are helping farmers bring down their cost of production.

He said that the plan is to complete 99 irrigation projects on time for which the government has made a provision for additional Rs 80,000 crore.

Narendra Modi highlighted that even as the agriculture sector grew over the years, the growth did not reflect on the condition of farmers. “Those who gave food security to the country did not get any income security,” he said, adding that because of soil health card and improved quality of urea is bringing down costs of farmers’ produce.

Citing a recent study, the Prime Minister said that because of the soil health card, the usage of chemical fertilisers has decreased by 8-10%, while at the same time, the production has increased by 5-6%.

On farm loans, the Prime Minister said that to ensure farmers don’t face any problem, the government has increased the amount from 8 lakh crore to 11 lakh crore in the past three years. He said under the GrAM project, farmers will be connected to markets with 22 thousand ‘Gramin Haats’ getting a proper infrastructural upgrade. APMC and e-Nam will be integrated with it.

In the Budget 2018, Finance Minister Arun Jaitley proposed to increase the Minimum Support Price (MSP) to farmers to one-and-a-half times of their production cost.

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