New Delhi: If farm sector distress was a key reason behind the ruling BJP’s election debacle in the three major Hindi heartland states Prime Minister Narendra Modi has reasons to worry.
For, the problem in India’s agricultural sector is quite deeprooted and piecemeal measures like farm loan waiver won’t be enough to address that. That view has come from Amitabh Kant, CEO, NITI Aayog. Speaking at India Economic Conclave 2018, Kant outrightly rejected the idea of farm loan waiver as a solution to farm distress. “I am not in favour of farm loan waiver, which is a populist methodology,” he said, adding that what is required is structural reforms on market and technology sides, and enhancement of productivity.
He said while steps like e-NAM, soil health cards and Fasal Bima Yojana are aimed at addressing the issues of the agriculture sector, it is still work in progress. Kant also suggested that to ensure better incomes for farmers, allied activities such as dairy and fisheries need to be promoted