In the first part of this two-part blog series, we covered the basics of Universal Basic Income (UBI) along with certain pro-farmer Indian welfare schemes inspired therefrom. Further, we posed a question as to whether UBI can indeed be the magical cure to end the agrarian crisis in India. In this part, we will delve further into this subject and explore better alternatives to the same.
Since the last 7 decades, successive governments in India have tried their best to find a long-term solution to address the country’s ailing farm sector. But despite their best efforts, the Indian agriculture sector continues to stay distressed.
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.