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Budget expectations for Farming sector UPSC NOTE


  • Farmers expect that this government make a radical break from all its earlier Budgets. 

  • Unless that is done, the farmers unrest and agrarian crisis are not going to subside. 

  • The National Crime Records Bureau data tells us that 1,00,474 farmers and agricultural workers committed suicide between 2015 and 2022.

  • This is a tragic indication of the agrarian crisis in the country.

  • The most important issue for farmers in the country today is statutory minimum support price at the rate of C2+50%, that is one-and-a-half times the comprehensive cost of production, as recommended by the M.S. Swaminathan Commission. 

  • Unless that is done, it’s going to be impossible even to begin to resolve the agrarian crisis. 

  • They will have to make Budgetary provisions to implement this

  • The second point is about the cost of production, which is continuously rising. 

  • The govt. must cut down the cost of production by reducing the price of fertilizers, seeds, insecticides, diesel, water and electricity.

  • Rates of all these inputs are going up.

  •  A statutory MSP at a rate of C2+50% may have no meaning if the cost of production is not brought down.

  • The government should bring control through the Budget on the corporates who are producing the inputs. 

  • The third expectation from the Budget is that they give a complete one-time loan waiver for farmers and agricultural workers all over the country. 

  • Unless this is done, farm suicides cannot be prevented.

  • The fourth point is relevant in the context of climate change and the environmental situation

  • In the light of continuous drought, flood, unseasonal rains and hailstorms, there should be a comprehensive crop insurance scheme, which is totally different from the Pradhan Mantri Fasal Bima Yojana

  • The fifth point is on the question of irrigation and power. 

  • Public sector investment in irrigation and power has been cut down in the last 10 years.

  • These sectors are being handed over to the private companies and hence, the cost of water and power is increasing. 

  • A number of irrigation projects are incomplete in the country. If they are completed, a large section of land will come under irrigation.

  • So, the Budget should have provisions to complete these irrigation projects.

  • The sixth point is about the expansion of MGNREGA. 

  • Ever since the Modi Government came to power, they have been trying to starve MGNREGA of funds. 

  • The number of work days has come to just 42. 

  • The government will have to increase the wages to ₹600 and the number of days of work to at least 200

  • The seventh point, is the question of land.

  • In total violation of the Land Acquisition Act, there’s massive acquisition of farm lands by corporate houses. 

  • Land acquisition must be done only when strictly necessary for a public purpose. 

  • Radical land reforms must be initiated and completed.

  • To raise resources for all this, the Union government must impose wealth tax and inheritance tax

  • They have tremendously reduced corporate tax. They must restore it. Rich have to pay more income tax and the middle class should get some relief.

  • Direct taxes must be increased and indirect taxes must be reduced.



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Budget expectations for Farming sector UPSC NOTE
Budget expectations for Farming sector UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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