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Just hope will not do: India's farmers need much more than PM-Aasha

While the farmers view the PM-Aasha as old wine in new bottles, the state governments consider it financially burdensome

The use of procurement as an instrument to enforce MSP is usually costly and costlier for crops where a ready avenue for disposal does not exist
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The use of procurement as an instrument to enforce MSP is usually costly and costlier for crops where a ready avenue for disposal does not exist

Business Standard Editorial Comment New Delhi
Belying the government’s expectations, its three-pronged mega plan to provide the steeply-hiked minimum support prices (MSPs) for crops has evoked a lukewarm response from both farmers and states. This is not surprising even though the government has given it an imaginatively chosen and hope-inspiring name of Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-Aasha) — meaning farmers’ income protection drive. Of the three mechanisms mooted under this umbrella agri-marketing package — the price support scheme, the price deficiency payment scheme, and the private procurement and stocking scheme — the first two are already being implemented in some states, benefiting only a