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Policy Target Of Doubling Farmers Income By 2022

Policy Target Of Doubling Farmers’ Income By 2022:

The Central Government admitted that no actual assessment of farm income has been carried out since 2013.

  • The Government of India in its Annual Budget 2016-17 set a policy target of doubling farmers’ income by 2022.
  • Agriculture sustains livelihood for more than half of India’s total population.
  • Doubling farmers’ income in such a short period is an overwhelming task for decision-makers, scientists, and policymakers because of its continued role in employment, income, and most importantly in national food security.
  • Doubling farmers’ income is possible through increasing total output and better price realization in the market, reduction in production costs, diversification of product, efficient post-harvest management, value addition, etc.