To prepare a blueprint for doubling farmers’ income by 2022
Terms of reference:
- Prepare plan to shift farm policies to income based from current production-oriented.
- Identify potential areas of agriculture where more investment should happen.
- Suggest ways to reduce the risk of farming by diversifying to horticulture and allied activities like livestock and fisheries to boost income.
- Suggest measures for reducing the cost of cultivation and addressing unpredictability of weather and price fluctuations in farm sector.
Background
In the Union Budget 2016-17, Government had announced to double farm incomes by 2022. To follow up its budget announcement, Government decided to set up the committee. Union Government is focusing on increasing crop yields and reducing the cost of cultivation in order to increase the net income of farmers. For this purpose, Government had launched various schemes related to agriculture sector to bring down the cost of cultivation.
Note: Use this name in questions related to farmers suicide, agricultural distress etc.