Amar_Nath_NIPFP_Subsidies_Presentation

Amar_Nath_NIPFP_Subsidies_Presentation - Agriculture...

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Agriculture Subsidies - Policies and Impact March 26, 2007 Amar Nath H K National Institute of Public Finance and Policy New Delhi 110067 Email: amarhk@nipfp.org.in
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Introduction There are growing disparities between the agricultural and no- agricultural sectors and deterioration in the quality of public services in rural India. Governments view is that growth of manufacturing and services sector will pull agriculture out of its present crisis. Indebtedness, low levels of investment and import liberalization are not the only causes of present crisis. Lack of technological support by the govt and awareness among the farmers are the main hindrances to the growth of Agriculture. Regulation and Targeting of Incentives need top most priority.
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Subsidy regime in India Prominent Agriculture Subsidies in India are Food Fertilizer (1996-67 basically for import substitution (NPK) and push fertilizer consumption) Irrigation (Hugh investments, Hydel power generation and Flood control) Power subsidy Crop insurance (Mainly when you take a crop loan) Subsidized Priority lending (NABARD, PSU banks, RRBs) Minimum Support Pricing (1964 LK Jha Committee) Subsidized Inputs and Welfare schemes under rural development.
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Major Subsidies - Irrigation Major share goes to Fertilisers (centre) and Irrigation (states) From farmers’ perspective Irrigation Subsidy is difference between what he/she is willing to pay and what he pays From Producers point of view - the un-recovered cost is the subsidy.
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Amar_Nath_NIPFP_Subsidies_Presentation - Agriculture...

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