NABARD Current Affairs

Only 23% of rural income from farming: NABARD 2016-17 survey

According to National Bank for Agriculture & Rural Development’s (NABARD) All India Rural Financial Inclusion Survey 2016-17, agriculture (farming) generates only 23% of rural income i.e. not even quarter of rural household incomes in India. Even for so-called agricultural households, just over 43% of their average income comes from cultivation of crops and rearing of animals. The reference period of survey was 2015-16.

Highlights of NABARD Survey

It estimates that total number of rural households in India at 21.17 crore. Its definition of “rural” is broad, covering revenue villages and semi-urban centres with population of less than 50,000. Out of 21.17 crore rural households, 10.07 crore, or under 48% are agricultural. At least one member is self-employed in farming with annual value of produce at more than Rs 5,000. The remaining 11.10 crore households (around 52%) are non-agricultural.

The average net monthly income of Indian rural householdsafter deducting expenses incurred in course of economic activity was Rs 8,059. The highest share of this (Rs 3,504) was accounted for by wage labour (both farm and non-farm), followed by government or private service jobs (Rs 1,906).

The agriculture income i.e. income from crop cultivation and livestock rearing contributed only Rs 1,832. Within agricultural households, the share of average income from cultivation and livestock rearing was just over 43%. The balance 57% income was from non-agricultural sources.

Significance of Survey

It reinforces trend that has gathered momentum since start of this century of increasingly less ‘Krishi’ in ‘Bharat’.  It also reconfirms and magnifies earlier findings of National Sample Survey Office’s (NSSO) Situation Assessment Survey of Agricultural Households conducted for 2012-13. Though both surveys were having methodological differences, but they highlight same fact of rural India becoming less agricultural, both in terms of share of families engaged in farming and diversification of income sources even in their case.

Month: Categories: India Current Affairs 2018

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Pradhan Mantri Krishi Sinchayee Yojana: Government, NABARD and NWDA ink revised MoA for 99 projects

Union Government, NABARD and National Water Development Agency (NWDA) have signed revised Memorandum of Agreement (MoA) for funding of central share of 99 prioritized irrigation projects under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) through Long Term Irrigation Fund (LTIF).

Key Facts

The revised MoA will enable Ministry of Water Resources to release Central Assistance to prioritized projects under PMKSY as per requirements from time to time. For this, Department of Economic Affairs, Ministry of Finance has modified certain existing mechanism of funding of these 99 projects under LTIF, with reference to source of funds, liability towards servicing of coupon on bonds, repayment pattern of loan and rate of interest on loan, etc.

Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)

PMKSY was launched in July 2015 with overarching vision to ensure access to some means of protective irrigation for all agricultural farms in the country and to produce ‘per drop more crop’, thus bringing much desired rural prosperity. It was formulated by amalgamating earlier schemes viz. AIBP, Integrated Watershed Management Programme (IWMP) and On Farm Water Management (OFWM) component of National Mission on Sustainable Agriculture (NMSA). It is implemented by Ministries of Agriculture, Water Resources and Rural Development. It has outlay of Rs 50000 crore with implementation period of over five-year till April 2020.

Objectives of PMKSY

  • Achieve convergence of investments in irrigation at the field level.
  • Expand cultivable area under assured irrigation (har khet ko pani).
  • Enhance adoption of precision-irrigation and other water saving technologies (More crop per drop).
  • Improve on-farm water use efficiency to reduce wastage of water.
  • Enhance recharge of aquifers.
  • Introduce sustainable water conservation practices.

Month: Categories: India Current Affairs 2018

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