In order to improve the condition of agriculture in India, the National Institution for Transforming India (also called NITI Aayog) is looking forward to making reforms in this area. The NITI Aayog was established on 1st January 2015, under the Government of India headed by Prime Minister Narendra Modi. Its aim is to direct policy-making with the help of the State Governments. The recent discussion on the agriculture sector by the NITI Aayog yielded a policy framework that shall work to push reforms for the betterment of farmers.
Following are the key areas where reforms are focussed:
1. Elimination of Middlemen
The States need to cut on middlemen between the farmers and consumers. Hence, direct sales by the farmers would be put into action which can lead to eliminating private players in the supply chain of agricultural produce.
2. Legal Contract Farming & Land Lease Reforms
Contract based farming shall be pushed, in which investments of the general public in the agriculture sector would be given importance. Efficient marketing techniques can spread awareness amongst the public regarding this concept. Land can also be taken on lease for crop production by interested investors.
3. Avoid Hoarding of Agricultural Produce
The market players, suppliers, middlemen or farmers hoarding the agricultural produce shall be dealt with seriously. This step shall stabilize the crop prices in different states, and the common people wouldn’t have to face the blow of high prices of crop produce.
These are some of the measures as identified by the NITI Aayog that shall be incorporated in the agriculture sector in India. Their success would pull the farmers out of poverty in India, as the plan envisages.
We, at Agrocorp, welcome the concept pursued by NITI Aayog, and are determined to work towards betterment of the agriculture sector in the country.
The Agrocorp team has opened up investments for general people in Agriculture. The investors get a good ROI on investing Rs. 15.50 lacs on 1 acre of Agrocorp farmland in Hindupur, Andhra Pradesh.
If you want to invest with us, or have any query, then call us at (+91-11) 42418736 or write to us at email@example.com