India: PM Modi discusses reforms in agriculture sector

Date: 2020.05.08

Amid coronavirus-induced lockdown, Prime Minister Narendra Modi on Saturday deliberated on ways to reform the agriculture sector with emphasis on agriculture marketing, access of farmers to institutional credit and freeing the sector of various restrictions with appropriate backing of laws.

The government has maintained that the country's farm sector is functioning smoothly despite the COVID-19 lockdown and there will not be much impact on its growth in the current fiscal, unlike other sectors.

The pros and cons of bio-technological developments in crops or enhancement of productivity and reduction in input costs was also deliberated, an official statement said.

The meeting also focused on making strategic interventions in the existing marketing eco-system and bringing appropriate reforms in the context of rapid agricultural development.

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 farmers were some of the other important areas covered, the statement said.

Developing eNAM or the National Agriculture Market into a "platform of platforms" to enable e-commerce was one of the important topics of discussion on Saturday.

Read more here.

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