SACC5

277 views

Published on

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
277
On SlideShare
0
From Embeds
0
Number of Embeds
70
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

SACC5

  1. 1. Sowing Prosperity: Boosting agricultural productivity Team Details: Arvind Kumar, M. Ajay Kumar, Deepak Dubey, Rohit Agrawal, Sandeep Sayal
  2. 2. Problem Statement SCOPE OF THE BROAD Increase in demand for food due to increasing population, rising income levels, and other demographic changes will require continuous increase in agricultural production and hence productivity CAUSES – Small land holdings reduce the rate of return for productive investments, which disincentivizes farmers from undertaking capital expenditure. – Overdependence on rainfall renders precarious the returns on agriculture. – Unscientific methods of cultivation have led to the erosion of soil fertility, depletion of water table levels and pre harvest losses. – Nearly 80% of small and marginal farmers suffer from financial exclusion and have no formal access to credit – High inflation, delivery delays and the inclusion of small farmers from govt. schemes
  3. 3. Reforms in laws related to land markets and marketing of agricultural products, promotion of farmers’ organization/groups, Self Help Groups, etc., and appropriate agricultural price and food procurement and distribution policy are needed Farm subsidies should be rationalized and better targeted to benefit the poor. Issues related to distributional aspects of agricultural credit including better access to small and marginal farmers, decline in rural branches, declining share of direct credit and significant regional and inter-class inequalities need to be addressed Proposed Solution Substantial increase in investment in agriculture research and development, rural infrastructure, post- harvest and market infrastructure including storage and processing Pricing of inputs such as electricity, irrigation water, and fertilizer needs rationalization
  4. 4. 3 Pronged Strategy Technological Agricultural R&D Improved Seeds Fertilizers Irrigation Water Agro-Chemicals Farm Machinery Value Addition & Agro- processing Economic Investment in Agricultural R&D, and infrastructure Agricultural Prices and Terms of Trade Subsidies Trade Policy Taxation Institutional Land Reforms Rural Credit Extension Systems Rural Development & Poverty Alleviation Programmers Market Sector Reforms Crop Insurance Implementation Strategy
  5. 5. Technological Improvements • The Government should encourage more investments in Agricultural Research & Development by giving many incentives. • Also steps should be taken to improve the seeds quality, Fertilizers, Irrigation facilities, etc. • Arrangements should be made to make available proper Farm Machineries to the farmers. • This steps will help in increasing the farm productivity. Technological Improvements
  6. 6. • Government needs to provide subsidies and tax holidays to agriculture sector to make it competent one. • The agricultural infrastructure should be improved and more should be spent towards Research & Development. • Also the minimum support prices and various agricultural policies and practices should be modified to incentivize the private sectors to put money into this. Economic Incentives
  7. 7. Institutional Improvements • Government should undertake Land Reforms measures so that the small land holdings can be combined so as to increase the agricultural productivity. • It can provide Crop Insurance to farmers to protect their livelihoods. Also Market Sector reforms should be introduced so as to increase the economic prospects of agriculture. • Moreover Rural credits should be provided to Farmers. The commercial banks should increase their exposures to this sector so as to ensure appropriate funding towards this sector. Institutional Improvements
  8. 8. THANK YOU

×