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Doubling Farmers' Income Is One of the Biggest Challenges for the New Government
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The last five years saw large scale and widespread farmer protests built, primarily, on the back of low prices of crops. Bumper harvests in the early years of the first Modi tenure and the government’s dogged determination to keep inflation in check have kept food prices controlled. The protests, particularly the long march from Nasik to Mumbai, made the ruling National Democratic Alliance (NDA) nervous to a degree. In the last year, it moved to announce a range of corrective measures – increase in minimum support prices (MSP), increased procurement and price deficiency payments under PM-AASHA and later, the PM-Kisan income support scheme. However, despite increased support, prices for several crops continued to be below even the MSPs that had been declared last year. PM-AASHA too failed to have any positive impact on procurement and prices.
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#IndianFarmDistress #Modi2.0 #ModiGovernment
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