Government firm about doubling farm incomes by 2022: Modi

Image
IANS New Delhi
Last Updated : Aug 15 2016 | 2:02 PM IST

Prime Minister Narendra Modi on Monday reiterated his government's promise of doubling farm incomes by 2022 and listed out a series of steps being taken to improve the condition of farmers.

"It is my dream to double the income of farmers by 2022," Modi said in his address to the nation from the Red Fort here on the 70th Independence Day.

"The conditions of farmers can improve only when we go for value addition. And for this we have laid emphasis on food processing and 100 per cent foreign direct investment has been encouraged," he said, adding this will boost farm-based industries.

Prime Minister congratulated Indian scientists for developing more than 131 improved seeds which, he said, will enhance yields.

He said farmers can do miracles with their land but they need water, which is why his government has stressed on irrigation and water management.

"Each drop of water should be used for farmers," Modi said, adding the government is laying emphasis on "per drop more crop" policy.

Prime Minister said that nearly 90 irrigation projects were lying half-finished and now his government would be completing them.

The government has also succeeded so far in distributing 77,000 solar energy-run water pumps which would drastically cut farmers' energy expenses, Modi said.

In the process, he said, now the farmers have better control over their land, water, electricity, and production.

He said the government has tried to bring in soil health cards to help farmers.

"With the help of these soil health cards the farmers have started reaping the benefits. They tell us that the use of soil health cards has helped reduce their expenses by 25 per cent," he said.

In this context, Prime Minister said there has been substantial increase in the production of pulses.

"We have fixed minimum support price for pulses and also announced bonus for the farmers. We have made arrangements so that pulses produced by farmers are also procured adequately," he said.

Modi said a number of steps have been taken to increase production of fertilisers.

"There was a time when fertilisers were black-marketed. Farmers would incur losses for shortage of fertilisers," Modi said, adding such days "have now become a thing of the past".

He said Pradhan Mantri Fasal Bima Yojana reflects government's commitment to safeguarding the interests of farmers from land to production.

Similarly, he said, warehousing facilities too have been expanded.

--IANS

rak-nd/kb/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 15 2016 | 1:54 PM IST

Next Story