Year: 2017 | Month: June | Volume 4 | Issue 1
Doubling Farmers’ Income by 2022: A Critical Appraisal
Sudhakar Dwivedi
Kiran Lata
Pawan Kumar Sharma and Harminder Singh
DOI:10.5958/2394-8159.2017.00006.8
Abstract:
The programme of Doubling Farmers’ Income was announced by the Finance Minister, Mr. Arun Jaitley during his budget speech on February 29, 2016. The targeted year that has been set by the govt. for doubling the farmers income is 2022 i.e. from 2015-16 to 2021-22 (Six years) with the objective to double the real income of farmers, not output or value added or the GDP of the agriculture sector. Targeted income includes income from agricultural as well as allied activities. The level of farmers’ income and year to year fluctuations in it are a major source of agrarian distress which is spreading and getting severe over time impacting almost half of the population of the country that is dependent on farming for livelihood. It can cause serious adverse effect on the future of agriculture in the country. To secure future of agriculture and also to improve livelihood, adequate attention needs to be given to improve the welfare of farmers and raise agricultural income. Achieving the goal of Doubling Farmers’ income by 2022 help to reduce persistent disparity between farm and non-farm income, alleviate agrarian distress, promote inclusive growth and infuse dynamism in agriculture sector. It will also attract youth towards farming profession and ease the pressure on non-farm jobs.
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