Author: Deepak Kumar Patel, Shripati Dwivedi and Sudhanand Prasad Lal
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The aim of Government of India was to double farmers' income by the end of 2022, when the country marks 75 years of independence. Achieving the goal of doubling farmers' income in a short period of time required identifying the sources of income growth for farmers and creating the conditions that would allow them to maximize their income growth potential. Based on different literature, we examined the sources of agricultural growth and proposed policy options for making agriculture a remunerative industry. There is no doubt that technology is one of the most important sources of growth, and agricultural research is one of the best ways to grow. To double farmers' income by 2022, the Indian government formed an inter-ministerial committee in 2016 to assess existing problems. A number of policies, reforms, development programs, and schemes have been adopted and implemented by the Government to increase farmers' incomes. A continuous improvement of the Indian agriculture sector is necessary to maximize output and ensure food security. The NSSO calculated the average monthly income of agricultural households to be Rs. 6426 in 2012-13 and Rs. 10218 in 2018-19, representing a 62% increase having the compound annual growth rate (CAGR) is 8.0366%. Throughout our review, we examine the concept of doubling farmers' income, its current status, the efforts by government, and innovative approaches to doubling farmers' incomes.
Agriculture Sector, Current Progress, Farmers’ Income, Future approaches, Government Schemes
It is not an easy task to double the farmers' incomes by 2022, but it is a very laudable goal that needs to be achieved. To double farmers' income, a strategy that focuses on development initiatives, technological advancements, and policy reforms in agriculture needs to be adopted. It is crucial for research institutes to make technological breakthroughs so that the production frontier can be shifted and input efficiency can be raised. There is a need for ICAR and SAUs to develop a model of farming system by combining all their technologies and focusing on farm income as the primary goal. There is only one way to accomplish this, and that is to work relentlessly on gaps and loopholes and with concerted efforts, in accordance with the mission mode action plan, with special attention. The welfare of our farmers has to be the priority when it comes to agricultural development for the development of the national economy, and with a particular focus on the fact that Farmers are the only people in the world who can supply us with the food we need, so we must take care of them. As a result of the high dependence of the Indian agricultural industry on monsoon, there are a number of interventions that can be made, including research, technology promotion, extension, post-harvest management, processing, and marketing, all in accordance with the comparative advantages of each state and region as well as their agro climatic characteristics. Consequently, the country will be able to indeed achieve its goal of doubling farmers' incomes if it takes this step.
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