Agriculture in FY21 budget: Paying farmers keeps them poor
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Indian Express Group
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The finance minister, in her FY21 budget speech, announced a 16-point agenda to kickstart growth in agriculture and farmers’ income. While the agenda makes sense, following the money presents a disconcerting prospect. Less than 10% of the Rs 2.2 lakh crore budgeted for agriculture will support capital formation or R&D. Economies can’t grow without investment and innovation. This budget provides money for neither.
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income, investment, farmers, farm income, research, agriculture, subsidies, cash transfers, poverty