In the first part of this two-part series, we covered the various diverse perspectives that are emerging on Farm Loan Waivers in India and presented a new perspective – linking Commodity Spot Markets with short-term credit linkage initiatives to enhance famers’ bargaining power that will lead to better realisations for their agriculture produce.
The announcement of loan waivers for farmers has been cited as one of the key factors for a leading national party’s return to power in three Hindi heartland states of Madhya Pradesh, Chhattisgarh and Rajasthan. As we write this, diverse views from numerous experts on the efficacy of farm loan waivers are already in the air.
It is a matter of great pride that our initiative with the Government of Karnataka – ‘Unified Agriculture Market’ has won the Common Wealth Association of Public Administration International Innovation Awards – CAPAM 2018 in the ‘innovation in public services management’category at Guyana on October 24, 2018.
When it comes to marketing surplus agricultural produce in India, approximately 30% is traded through regulated agricultural markets, popularly known as Agricultural Produce Market Committees (APMC) or Mandis.
In the first and second part of this series on ‘Scientific Disposal of Buffer Stocks in India’, we spoke about why India urgently needs a concrete, scientific and systematic disposal plan for buffer stocks.