Crop insurance boost

Crop insurance boost: The new policy is encouraging, but there are caveats



My VIEW:

Earlier initiatives in
certain states to introduce crop insurance did not take off for want of other
linkages and half-hearted approach to the whole concept. This time around,
Centre-state participation and overall awareness about the need to make farming
a ‘bankable’ activity in its own right should make a difference. Centre and
states should revisit all subsidies now being provided to farm sector, like interest
subsidy, subsidised inputs and concessions in cost of electricity and ideally
pool them and provide need-based subsidy to make individual farming activities
economically viable.
Though going back to old
practice of three components (A-Cash, B-Kind, provision of inputs and C- A
consumption component in gross bank credit) may not be practical, human
involvement in appraisal and supervision of credit cannot be substituted by technology
while providing bank credit to farm sector.


M
G Warrier,
Mumbai  

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