Page 43 - Banking Finance March 2022

ARTICLE

States with penetration of MI systems and improved farmer's income can also cause serious adverse effect on the
adoption of micro irrigation systems have almost 40 to future of agriculture in the country. To secure future of
50 per cent savings in energy and fertiliser consumption agriculture and to improve livelihood of half of India's
Y There is need to promote use of environment friendly population, adequate attention needs to be given to
automated farm machinery tools suited to small scale improve the welfare of farmers and raise agricultural
operations. The Custom Hiring Centres (CHCs) can be income.
set up to promote use of high-tech machinery for the
mechanization of small and marginal farm holding. Achieving this goal will reduce persistent disparity between
farm and non-farm income, alleviate agrarian distress,
Y The improvement in fertilizer use efficiency requires
farmers' knowledge regarding the right product, promote inclusive growth and infuse dynamism in the
dosage, time and method of application. Some of the agriculture sector. Respectable income in farm sector will
also attract youth towards farming profession and ease the
suggested measures are the use of optimal dose based.
pressure on non-farm jobs. Doubling farmer's income is quite
Y A combination of enhancing rural infrastructure to challenging but it is needed and is attainable. Three pronged
improve connectivity, Information, Communication strategy focused on (i) development initiatives, (ii)
Technology (ICT) to provide timely information about
technology and (iii) policy reforms in agriculture credit is
prices, aggregation and storage facilities can help small needed to double farmers' income.
and marginal farmers in overcoming the marketing
bottlenecks.
References:
Conclusion Y National Sample Survey Office (NSSO) | Ministry of
Statistics and Program Implementation Government of
The low level of farmer's income and year to year
India (mospi.nic.in)
fluctuations in it are a major source of agrarian distress. This
distress is spreading and getting severe over time impacting Y https://iasscore.in/current-affairs/
almost half of the population of the country that is Y https://www.vikaspedia.in/agriculture/policies-and-
dependent on farming for livelihood. Persistent low level of schemes. T

FORM IV (SEE RULE 8)
1. Place Kolkata
2. Periodicity of Publication Monthly
3. Printer’s Name Satyajug Employees Co-operative Industrial Society Ltd.
(Whether citizen of India?) Yes
(If foreigner, state the country of origin) No
Address 13, Prafulla Sarkar Street, Kolkata - 700 072
4. Publisher’s Name Sushil Kumar Agarwala
(Whether citizen of India?) Yes
(If foreigner, state the country of origin) No
5. Editor’s Name CA Rakesh Agarwal
(Whether citizen of India?) Yes
(If foreigner, state the country of origin) No
Address 25/1, Baranashi Ghosh Street, P.S. Girish Park,
Kolkata - 700 007
6. Name and address of individuals who own the Sushil Kumar Agarwala
newspaper and partners or shareholders holding Proprietor
more than one percent of the total capital 31/1,Sadananda Road, P.S. Kalighat, Kolkata - 700 026

BANKING FINANCE | MARCH | 2022 | 43