Indian Agriculture: Trending in 2019
−− There were uncertainties around the elections too, but now that all doubts have been put to rest, it is time to set the right course for Indian farming community.
Aug. 6, 2019
There were uncertainties around the elections too, but now that all doubts have been put to rest, it is time to set the right course for Indian farming community.
This is one among the series of venture capitalists flocking to Indian agriculture, a trend that can give tremendous boost to the shaky supply chain management and credit facility to farmers. In fact, the farm-to-fork concept that comprises a growing number of start-ups in the domain will receive further fillip and in turn, the farmers will get a more reliable channel to mobilise their produce.
With the new government with a huge mandate in place, we are likely to see more incubation happening for developmental- and early-stage start-ups even as mid-stage start-ups are likely to receive more funding.
The government must focus on attend to the support infrastructure needs in each state and address key issues such as requirement for loans, availability of growth capital, taxation on angel investment, and applicability to mainstream government schemes, among others.
Those who are alive are forced to watch standing crops adversely impacted.
The changes in climate are a significant trend to watch out for this year. An effective climate risk mitigation strategy comprising better water management, including improving irrigation penetration and opting for drip and micro irrigation as well as investing in more serious research to develop crop variants that are resistant to rising temperatures and drought and will need less water are key.
Effective climate mitigation is an effort for sensitizing the adoption of climate change measures to ensure countless benefits for farming and trading fraternity.
The government is rolling out curated solutions for early warning system which is expected to play a vital role in evaluating and reducing the risks of erratic climate changes. However, farmers may need some help with expertise in water management and optimum utilization of available water resources that should aim at reducing consumption of groundwater for farming.
The government agencies monitoring water usage to maintain national and international standards should empower the farming fraternity by providing the right kind of support to build the infrastructure.
Besides, providing loan waivers and incentives to the farmers who use water judiciously should add an extra plus. Schemes like Pradhan Mantri Krishi Sichai Yojna (PMKSY) are a great move to bring in more area under irrigated agriculture: In 2017, nearly Rs1,484cr was sanctioned under the scheme, aiming to cover 39 lakh ha of land.
The micro irrigation scheme under the PMKSY has added 6 lakh ha in the current year. This trend needs to continue as schemes like these are beneficial for small and marginal farmers and in geographies where limited water sources are available.
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