 "farmers, farming, agriculture")
The NITI Aayog has come up with a proposal to give relief to distressed farmers which, among other suggestions, is being considered by the government. The proposal will have a minimum impact on the exchequer and will be the least ‘market-distortionary’, say NITI Aayog officials.
The area-based income compensation (ABIC) scheme says that farmers should be paid the difference between the actual price they get and the state-mandated minimum support price (MSP).
The compensation, according to this model, will be determined on a per acre basis by using district-level estimates of marketable surplus and prices in the harvest
The area-based income compensation (ABIC) scheme says that farmers should be paid the difference between the actual price they get and the state-mandated minimum support price (MSP).
The compensation, according to this model, will be determined on a per acre basis by using district-level estimates of marketable surplus and prices in the harvest
