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What is the way ahead after Farm Laws?

by icc-blogs@indianchamber.org

We all know about the repeal of the proposed Farm Laws. Our point of discussion is the way ahead. The MSP for public procurement system has served the country well during the recent Covid-19 crisis as well as earlier food crises. The system is the lifeline of the Farming Community and there is a Public Distribution System (PDS) which serves nearly 80 crore beneficiaries and depend upon supplies from public procurement. And we cannot rely upon imports to feed the nation. In view of all these MSP needs to be continued for rice and wheat, and, if possible, extend to pulses, sugar canes. At the same time, we appreciate the Income Support to marginal Farmers by Direct Benefit Transfers under the Pradhan Mantri Kisan Samman Nidhi Program. We were wondering if Direct Benefit Transfers could also be arranged for non staple food crops and linked to their cost of cultivation. It may help to keep the Food Subsidy Bill under control while supporting farmers and encouraging the production of non staple food crops.

What do you think? Please share your views with us.

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