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    Impact of New Economic Policy On Agriculture

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    Vishesh Gupta
    The document discusses the impact of new economic policies on Indian agriculture. It outlines both positive and negative effects. The positive effects include increased production through access to better seeds and inputs, crop diversification, higher prices, and increased exports. However, the policies can also lack self-sufficiency, price instability, negatively impact poor farmers, and increase competition from multinational companies. The document also describes several government schemes to support soil health, fertilizer use, organic farming, irrigation, and crop insurance. Overall, Indian agriculture is diversifying and has made strides through initiatives like the Green Revolution, but still faces challenges.

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    Impact of New Economic Policy On Agriculture

    Uploaded by

    Vishesh Gupta
    33 views5 pages
    The document discusses the impact of new economic policies on Indian agriculture. It outlines both positive and negative effects. The positive effects include increased production through access to better seeds and inputs, crop diversification, higher prices, and increased exports. However, the policies can also lack self-sufficiency, price instability, negatively impact poor farmers, and increase competition from multinational companies. The document also describes several government schemes to support soil health, fertilizer use, organic farming, irrigation, and crop insurance. Overall, Indian agriculture is diversifying and has made strides through initiatives like the Green Revolution, but still faces challenges.

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    Impact of New Economic Policy on Agriculture

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    The document discusses the impact of new economic policies on Indian agriculture. It outlines both positive and negative effects. The positive effects include increased production through access to better seeds and inputs, crop diversification, higher prices, and increased exports. However, the policies can also lack self-sufficiency, price instability, negatively impact poor farmers, and increase competition from multinational companies. The document also describes several government schemes to support soil health, fertilizer use, organic farming, irrigation, and crop insurance. Overall, Indian agriculture is diversifying and has made strides through initiatives like the Green Revolution, but still faces challenges.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    33 views5 pages

    Impact of New Economic Policy On Agriculture

    Uploaded by

    Vishesh Gupta
    The document discusses the impact of new economic policies on Indian agriculture. It outlines both positive and negative effects. The positive effects include increased production through access to better seeds and inputs, crop diversification, higher prices, and increased exports. However, the policies can also lack self-sufficiency, price instability, negatively impact poor farmers, and increase competition from multinational companies. The document also describes several government schemes to support soil health, fertilizer use, organic farming, irrigation, and crop insurance. Overall, Indian agriculture is diversifying and has made strides through initiatives like the Green Revolution, but still faces challenges.

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    © All Rights Reserved
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    of 5

    Impact of New Economic Policy on Agriculture

    POSITIVE EFFECTS ON AGRICULTURE

    1.INCREASES PRODUCTION - GLOBALISATION CAN INCREASE THE AGRICULTURAL


    PRODUCTION. INDIAN FARMERS CAN PURCHASE BEST QUALITY OF HYV (HIGH
    YIELDING VARIETY) SEEDS AND OTHER IMPUTS AT A COMPETITIVE PRICE FROM ANY
    COUNTRY. THIS HELPS TO INCREASE PRODUCTIVITY PER HECTARE.
    2.diversification of cropping pattern - earlier the indian farmers growing only staple food
    and cash crops, but now as per the requirement of globalisation our farmers have
    switches on from traditional food items to non food items like horticulture, medicinal
    plantations, etc.
    3.better price - when quality of output increases due to competition, farmers can get
    better price for their produce.
    4.Increased export - liberalisation has increased the volume of exports of agricultural
    output.

    NEGATIVE EFFECTS
    1.Lack of self sufficiency - a country under globalisation, cannot achieve self - sufficiency
    in food production because it is forced to produce only those goods in which it has
    comparative advantage.
    2.Price instability - Due to constant fluctuations in product prices and cropping pattern in
    international market, domestic prices will not be stable. This affects both consumers and
    farmers.
    3.Affects poor farmers - the benefits of globalisation are being enjoyed by the rich
    farmers who are growing exportable crops. But the poor farmers are left unnoticed.
    4.Entry of MNCs - (Multinations companies) have entered Indian agriculture with their
    huge investment, modern techniques and aggressive marketing. Our poor farmers can
    not face such competition and therefore sometimes are forced to sell their lands. Such
    unhealthy competition, poverty and indebtedness have made their lives miserable.

    SCHEMES

    (i) Soil Health Card Scheme:

    Launched in 2015, the scheme has been introduced to assist State Governments to
    issue Soil Health Cards to all farmers in the country. The Soil Health Cards provide
    information to farmers on nutrient status of their soil alongwith recommendation on
    appropriate dosage of nutrients to be applied for improving soil health and its fertility.
    As on 11.7.2017, against target of 253 lakh soil samples, all 253 lakh soil samples
    have been collected and 245 lakh (97%) samples have been tested. Against target of 12 crore
    Soil Health Cards, so far 9 crore (76%) cards have been distributed to farmers.

    (ii) Neem Coated Urea (NCU):

    Scheme being promoted to regulate use of urea, enhance availability of nitrogen to the
    crop and reduce cost of fertilizer application. NCU slows down the release of fertilizer and
    makes it available to the crop in an effective manner. The entire quantity of domestically
    manufactured and imported urea is now neem coated. The reports from field are positive. The
    expected saving is 10% of urea consumption, thereby resulting in reduced cost of cultivation
    and improved soil health management.

    (iii) Paramparagat Krishi Vikas Yojana (PKVY):

    Paramparagat Krishi Vikas Yojana (PKVY) is being implemented with a view to


    promote organic farming in the country. This will improve soil health and organic matter
    content and increase net income of the farmer so as to realise premium prices. Under this
    scheme, an area of 5 lakh acre is targeted to be covered though 10,000 clusters of 50 acre
    each, from the year 2015-16 to 2017-18.

    So far 7208 clusters have been formed and remaining clusters would be formed during
    2017-18.

    (iv) Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) :

    Launched on 1st July, 2015 with the motto of ‘Har Khet Ko Paani’, the Pradhan Mantri
    Krishi Sinchayee Yojana (PMKSY) is being implemented to expand cultivated area with
    assured irrigation, reduce wastage of water and improve water use efficiency. PMKSY not
    only focuses on creating sources for assured irrigation, but also creating protective irrigation
    by harnessing rain water at micro level through ‘Jal Sanchay’ and ‘Jal Sinchan’. Micro
    irrigation is also incentivized through subsidy to ensure ‘Per drop-More crop’. The target
    under micro-irrigation for the year 2016-17 was 8 lakh ha. against which 8.39 lakh ha have
    been covered.

    (vi) Pradhan Mantri Fasal Bima Yojana (PMFBY)/ Restructured Weather Based
    Crop Insurance Scheme (RWBCIS):

    Pradhan Mantri Fasal Bima Yojana (PMFBY) & Restructured Weather Based Crop
    Insurance Scheme (RWBCIS) were launched from Kharif 2016 to provide comprehensive
    crop insurance coverage from pre-sowing to post harvest losses against non-preventable
    natural risks. These schemes are only risk mitigation tools available to farmers at extremely
    low premium rates payable by farmers at 2% for Kharif crops, 1.5% for Rabi Crop and 5%
    for annual commercial/horticultural crops. The balance of actuarial premium is shared by the
    Central and State Governments on 50 : 50 basis. The schemes are voluntary for States and
    available in areas and crops that are notified by the State Governments. Further, the schemes
    are compulsory for loanee farmers and voluntary for non-loanee farmers.
    During Kharif 2016 season, a total of 23 States implemented both PMFBY (21) and
    RWBCS (12) and during Rabi 2016-17, 24 States and 3 Union Territories implemented
    PMFBY (25) and RWBCIS (9). Overall coverage of both the schemes is 401.52 lakh
    farmers and 385 lakh ha. area insured for a sum of Rs. 133106 crore in Kharif 2016 and 172.67
    lakh farmers and 195 lakh ha. area insured for a sum of Rs. 71696 crore during Rabi 2016-17
    season.

    SCENARIO
    Presently, Indian Agriculture is witnessing a phase of diversification. During recent years,
    much awareness has been generated on shifting to high-yielding varieties (HYV) of crops
    from conventional crops. This has enabled a successful transition in Indian Agriculture from
    its stagnation to a growth path.
    Despite many setbacks, Indian agricultural scenario has surely undergone many drastic
    changes and has achieved many milestones. The green revolution (1967-1978) transformed
    India from a food deficient stage to a surplus food market. In a span of 3 decades, India
    established itself as a net exporter of food grains.

    Interestingly, some developed countries, mainly Canada, which were facing a scarcity in
    agricultural labour, were so impressed by the results of India's Green Revolution that they
    showed interest in allowing farmers experienced in the methods of the Green Revolution to
    their own country. Many farmers from Punjab and Haryana states were then sent to Canada
    by GOI to settle there. That's why today one can see thousands of Punjabi-speaking citizens
    in Canada.

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