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National agricultural policy

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  • 1. TO ESTABLISH AN APPROPRIATE & CONDUCIVE ENVIRONMENT TO ACHIEVE A HIGHER GROWTH RATE OF AGRICULTURE 28 th July 2000
  • 2. OBJECTIVES :
    • Growth rate more than 4% per annum.
    • To introduce required structural changes
    • To bring in necessary reforms
    • To make efficient use of resources
    • To sustain higher growth with necessary supporting services
    • To make agri. More market oriented
    • To achieve equity
  • 3. FEATURES OF NAP 2000 Encouragement to private participation: contract farming, capital inflows, tech. transfer Competitiveness: through liberalization, dismantling of Quantitative Restrictions Tax Reforms: tax concessions rather than subsidies Encourage Futures for hedging the risk Protection from multinationals’ patent rights Infrastructure facilities Plans to evolve, ’National Livestock Breeding Strategy’. Improvement in Credit facilities Wider coverage of Insurance Transform agriculture into modern, dynamic, productive sector (2002 policy)
  • 4. EVALUATION Growth Rate: 2001-06 – 3%, 2005-09 – 3.8% Small & Marginal farmers are neglected Private investment (82.4% in 2008-09) may lead to exploitation Non institutional credit is still persistent Poor rural infrastructure
  • 5. National Commission on Farmers: Dr. M.S. Swaminathan, chairman : aims at improving agricultural assets of the farmers & the supporting services to enable them to earn more. Reports in 2005-06