Access of farmers to institutional credit and freeing agriculture sector of various restrictions with appropriate backing of statute are need of hour

Prime Minister Narendra Modi on Saturday called for “making strategic interventions in the existing marketing eco-system and bringing appropriate reforms in the agriculture sector.” He said this while interacting with officials of the agriculture ministry.

Laying emphasis on reforms in agriculture sector, he said management of marketable surplus, access of farmers to institutional credit and freeing agriculture sector of various restrictions with appropriate backing of statute are need of hour.

According to a statement from the Prime Minister’s office, deliberations were also held on concessional credit flow to strengthen agriculture infrastructure, special Kisan Credit Card saturation drive for PM-Kisan beneficiaries and facilitating inter and intra-state trade of agriculture produce to ensure fairest return to farmer were some of the important areas covered.

Developing e-NAM into a platform of platforms to enable e-commerce was one of the important topics of discussion. Possibilities of uniform statutory framework in the country to facilitate new ways for farming which will infuse capital and technology in agrarian economy were also discussed during the interaction.

Also, pros and cons of bio-technological developments in crops or enhancement of productivity and reduction in input costs was also deliberated.

Besides, the challenges of model land leasing act and how to protect the interest of small and marginal farmers were discussed in detail.

It was also deliberated how it is pertinent to make Essential Commodities Act compatible with present times so that large scale private investment in post-production agriculture infrastructure is incentivized and also has a positive effect on commodity derivative markets.

Developing Brand India, creation of commodity specific Boards/ Councils and promotion of Agri-Clusters/Contract Farming are some of the interventions that were deliberated to boost Agriculture commodity export.

The use of technology in the agriculture sector is of paramount importance as it has the potential to unlock the entire value chain for the benefit of our farmers. The Prime Minister stressed on the dissemination of technology till the last mile and making our farmers more competitive in the global value chain.

It was decided to further strengthen the role of FPOs to bring vibrancy in agrarian economy, transparency in agriculture trade and enable maximum benefits to the farmers.