COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India

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dc.creatorVarshney, Deepak
dc.creatorKumar, Anjani
dc.creatorMishra, Ashok K.
dc.creatorRashid, Shahidur
dc.creatorJoshi, Pramod Kumar
dc.date2021-03-01
dc.date2024-05-22T12:10:21Z
dc.date2024-05-22T12:10:21Z
dc.date.accessioned2026-06-27T15:41:28Z
dc.descriptionthe April–June 2020 quarter, the nation's agricultural sector, somewhat surprisingly, seems to have done remarkably well. This paper examines whether the public transfer program Pradhan Mantri Garib Kalyan Yojana (PMGKY), announced immediately after the lockdown, benefited farmers in dealing with the COVID shock. Overall, 95% of the smallholders received support from at least one of PMGKY's four components. Direct cash transfers had significantly more impact than in‐kind transfer schemes. The result shows that farmers receiving cash transfers under PM‐KISAN, one component of PMGKY, were more likely to invest in buying seeds. In contrast, farmers receiving cash transfers under PM‐UY, another piece of PMGKY, were more likely to invest in fertilizer and pesticides. Finally, smallholders who received benefits from all four components of PMGKY were more likely to invest in purchasing seeds, fertilizer, and pesticides. Findings suggest the fungibility of public cash transfers from the recent PMGKY scheme is significant in alleviating credit constraints and increasing future investments in modern inputs.
dc.identifierhttps://hdl.handle.net/10568/142350
dc.identifier.urihttp://hdl.handle.net/123456789/111845
dc.languageen
dc.publisherAgricultural and Applied Economics Association
dc.relationhttps://doi.org/10.2499/p15738coll2.135058
dc.rightsOpen Access
dc.sourceVarshney, Deepak; Kumar, Anjani; Mishra, Ashok K.; Rashid, Shahidur; and Joshi, Pramod K. 2021. COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India. Applied Economic Perspectives and 43(1): 248-269. https://doi.org/10.1002/aepp.13144
dc.subjectinputs
dc.subjectpolicies
dc.subjectcovid-19
dc.subjectliquidity
dc.subjectagricultural policies
dc.subjectsocial protection
dc.subjectagriculture
dc.subjectsmallholders
dc.subjectcash transfers
dc.titleCOVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India
dc.typeJournal Article

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)