Doubling of Farmers Income - Backdrop, Efforts, Actual Progress & Future Course Correction

Abstract

1994 to 2015 reflect a dismal rate of growth of farmer’s income pushing government’s resolve to double the 2015- 16 income in just 7 years by 2022-23. This is highly challenging and entailed drastic measures and reforms. Though a mid-term review of actual growth up to 2018-19 indicate that much of the set target is yet to be covered, some course correction can still make it possible so that more than 50% of India’s population is greatly benefitted even if we achieve the doubling of income by a couple of years after the original FY 22-23 target.