Ways through which farmers’ income may increase

The aim of the Modi Government is to diagnose the problem of farmers and do an arrangement to increasing their income. Therefore, the government is not indulging them in adopt populist schemes. For example, in 2008, the slogan of agricultural debt waiver was given, but only Rs 52, 500 crore of loan was waived from the eligible debt of 5 to 6 Lakh crore, whose actual benefit only a few farmers could get. Most of the benefits took by the rich farmers who had no concern with farming.

It is clear that farmers cannot be benefited from agricultural debt forgiveness. So, by looking at the negative consequences of agricultural debt waiver, the government is avoiding implementing schemes like agricultural debt waiver. The government wants a strong initiative to increase the income of the farmers.