Centre likely to consider Rs 50,000-crore scheme to incentivise states for agriculture reforms

New Delhi: After over three years of repealing its three farm laws in November 2021, the Central government is considering a new scheme with an outlay of Rs 50,000 crore to encourage the states adopting agricultural reform, Indian Express stated in its report.

Whenever, the proposed scheme is finalised and approved, it will be very beneficial for the farmers and it will also assist central funding to implement farm sector reforms related to agriculture marketing, contract farming and land leasing.

The NITI Aayog officials raised this scheme uner the power point presentation to the Prime Minister's office soon after the Lok Sabha election results were announced. The title for presentaation is “India’s Amrit Kaal: Mobilising the nation to sustain fast growth”. It reportedly covered all sectors of the economy.

The scheme idea discussed by officials, at the Ministry Agriculture and farmers welfare and and NITI Aayog, as part of their efforts to identify farm sector-related regulatory and institutional reforms under “transformative interventions” being planned to roll out during India’s ‘Amrit Kaal’, a 25-year period from 2022 to 2047.

“It is pertinent to mention that out of these three policy reforms recommended by us, the Union Government has passed two Acts – (a) The Farmers Produce Trade and Commerce (Promotion and Facilitation) Act 2020 and (b) The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act 2020. We feel that with these two laws already in place, there is no need for the Commission to incentivise States to adopt the Model APLM Act and the Model Contract Farming Act. However, the Model Agricultural Land Leasing Act still remains on our agenda,” the Commission noted in its report for 2021-26.

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