PM Kisan Latest Update: Crores of farmers across the country are waiting for the 12th installment of PM Kisan Samman Nidhi to arrive. On the other hand, in a research report from SBI, another new good news has come for the farmers.
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PM Kisan: Many schemes have been started by the government to increase the income of the farmers. The most important scheme in this is PM Kisan Samman Nidhi Yojana. A research report by SBI has shown that the income of farmers has grown by an average of 1.3 to 1.7 times in the financial year 2021-22 from the level of the financial year 2017-18, while the export of food grains has increased from US $ 50 billion during this period. has become more.
There is a possibility of more increase in the income of farmers engaged in cash crops.
According to the information received from the SBI research report, the income of farmers for some crops in the states (such as soybean in Maharashtra and cotton in Karnataka) more than doubled in the financial year 2021-22 from the level of 2017-18. , while in all other cases it increased in the range of 1.3-1.7 times. SBI Chief Economist Soumya Kanti Ghosh said in a report that farmers engaged in cash crops grew more in income than those growing non-cash crops.
Huge fall in the prices of natural rubber
The report said that due to this the share of agriculture in gross domestic product (GDP) has increased from 14.2 percent to 18.8 percent. This increase was also due to the shrinking of the contribution of industrial and services to the economy due to the deadly second wave of the pandemic. But along with spices like black pepper, cardamom, clove and cinnamon, the prices of natural rubber have come down drastically.
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The report, based on major agricultural states such as Maharashtra, Rajasthan, MP, UP, Karnataka and Gujarat, said that there has been a record increase of 1.4 to 1.8 times in allied/non-farm incomes across most of the states. The report also urged the government to introduce livelihood credit cards and an all-encompassing credit guarantee fund for agricultural credit promotion of Rs 5 lakh crore targeting at least 10 lakh farmers every year.
This report states that in the financial year 2021-22, agricultural exports exceeded $ 50 billion. The MSP has increased by 1.5 to 2.3 times since 2014, which is playing a vital role in ensuring better prices for the farmers. It is a matter of great happiness for the farmers and it is a matter of great pride for the country.
