Panel on doubling farmers' income to submit final report next month

Image
Press Trust of India New Delhi
Last Updated : Mar 25 2018 | 11:10 AM IST

An inter-ministerial panel formed by the Centre on doubling farmers' income by 2022 will submit its final report next month, its Chairman Ashok Dalwai said.

The Dalwai Committee, set up in April 2016, has already written 14 volumes identifying ways to double farmers' 2015-16 income level, in real terms, in seven years.

The committee points out that real income of farmers needs to register a compound annual growth rate of 10.4 per cent in order to double by 2022.

"The final report is more or less ready. We will submit it by next month," Dalwai told PTI.

Already, some of the panel's recommendations are being implemented by the government. For example, this year's budget announced upgrading of 22,000 gramin haats to facilitate small and marginal farmers to integrate with organised marketing structure, he said.

This initiative can be expected to answer the current challenges of transacting small lots of marketable surpluses, at low cost and from a position of bargaining strength that comes from farmers collectives being transformed into Farmers Produce Organisations (FPOs), he added.

"While we have to submit a final report, some of the committee's recommendations are parallelly being implemented by the government," said Dalwai, who is also the CEO of National Rainfed Area Authority (NRAA).

The government has also come out with a draft agri export policy following the panel's recommendation to revisit and reorient the trade regime from the national perspective of doubling farmers' income, he added.

The panel has said agri-trade policy should aim to facilitate and promote ease in doing business, rather than be restrictive and disruptive to business planning.

According to the panel, "A uniform doubling in every region may not be possible, albeit desirable, and due consideration to degradation and depletion of arable land and other resources, the human backdrop and other associated factors is necessary."

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: Mar 25 2018 | 11:10 AM IST

Next Story