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Agricultural subsidy in India primarily consists of subsidies like, fertilizer, irrigation, equipment, credit subsidy, seed subsidy, export subsidy etc. Subsidy on fertilizers is provided by the Central government whereas subsidy on water and irrigation is provided by the local State governments. [52]
Introduction. A subsidy, often viewed as the converse of a tax, is an instrument of fiscal policy. Derived from the Latin word 'subsidium', a subsidy literally implies coming to assistance from behind. However, their beneficial potential is at its best when they are transparent, well targeted, and suitably designed for practical implementation.
The Food Corporation of India (FCI) was established in 1965 for the purpose of procurement, storage, and distribution of food grains. It has been playing a major role in the food security of India. [10] The National Food Security Act,2013 (NFSA 2013) converts into legal entitlements for existing food security programs of the Government of India.
The PM-KUSUM scheme of the Government of India is one of the largest initiatives in the world to provide clean energy to more than 3.5 million farmers. It solarizes agricultural pumps and provides up 10 GW distributed solar projects to the farmers. The scheme plans to set up 30.8 GW of solar capacity by 31 December 2022, through the financial ...
The National Food Security Act 2013, also known as Right to Food Act, is an Indian Act of Parliament which aims to provide subsidized food grains to approximately two thirds of the country's 1.4 billion people. [1] It was signed into law on 12 September 2013, retroactive to 5 July 2013. [2][3]
Minimum support price (India) The minimum support price (MSP) is the minimum price for select crops raised in kharif and rabi seasons that the Government of India considers as remunerative for farmers and hence deserves support. This is different from procurement price and issue price. It is generally announced before the sowing/planting season ...
Worldwide employment In agriculture, forestry and fishing in 2021. India has one of the highest number of people employed in these sectors. As per the 2014 FAO world agriculture statistics India is the world's largest producer of many fresh fruits like banana, mango, guava, papaya, lemon and vegetables like chickpea, okra and milk, major spices like chili pepper, ginger, fibrous crops such as ...
The Indian minister of agriculture Sharad Pawar meets representatives of the All India Fair Price Shop Dealer's Federation in 2004.. The Public Distribution System (PDS) is a food security system that was established by the Government of India under the Ministry of Consumer Affairs, Food and Public Distribution to distribute food and non-food items to India's poor at subsidised rates.