Indian economy is gradually becoming more industrialized but still, it remains greatly hooked in to the agrarian sector. The starkly naked image of this dependency reveals its ugly face in years of below-normal monsoon when food prices skyrocket. this is often when India feels the necessity of addressing problems with the agricultural sector. Unfortunately, such concerns remained shelved for years with little attention being diverted to assist the ailing agrarian sector.
Such negligence manifested in sort of 5.3% drop by foodgrain production during the financial year 2014-2015. before that, both economists and farmers were on their toes due to the nature’s aberration named El Nino phenomenon. News of farmers committing suicide due to failure caused by inadequate irrigation facilities and lack of rainfall were rampant. Indian economy entered an inflationary phase thanks to low agricultural production and therefore the environment had become seriously scary due to caching of foodgrains by black marketers so as to push up the costs for monetary gains.
This time however new hopes are floating around with the announcement of the Pradhan Mantri Krishi Sinchai Yojana (PMKSY). PM Narendra Modi chaired the CCEA (Cabinet Committee on Economic Affairs) meeting and chalked down the ultimate details for PMKSY. As revealed by Arun Jaitley, the present minister of finance of India, the Central Government aims for spending ₹ 50,000 crores under the Krishi Sinchai Yojana. Jaitley revealed that the quantity finalized for the scheme are going to be spent by Center but the State Governments also are readying themselves to dig in with additional funds, which consistent with Jaitley, are going to be above the Center’s budget.
Jaitley confirmed that the whole pool of cash from the middle are going to be spent over a period of 5 years with ₹ 5,300 crores being allocated for the present financial year . The minister of finance was quite enthusiastic to means that the budget set for the present year is twice the budget ever set in any previous allow any sort of agricultural reforms scheme. consistent with him, the entire money are going to be invested in various activities which will help to extend productivity and farm yields.
With such massive budget in situ , economists believe that if the scheme is implemented properly as intended, Indian agrarian sector will experience a booming growth with foodgrain productions increasing manifolds. If this really happens, Modi government will manage to place a ceiling on inflation rates. Growth in agricultural productivity will have snowball effect on other industries that heavily depend upon agriculture for raw materials. Only time can tell whether this ambitious project will come to fruition or not.
What is proposed under Pradhan Mantri Krishi Sinchai Yojana?
India features a total of 142 million hectares or cultivable land. Unfortunately, artificial irrigation serves only 45% of this total agricultural land. The remaining 55% depends solely on nature’s mood! Delayed rainfall or low rainfall – both play havoc on farmers of the remaining 55% land. Either of the 2 natural conditions can mean a catastrophic failure that engulfs the entire economy, to not mention, the farmers are the worst hit elements.
To affect this gravely difficult matter, the Pradhan Mantri Krishi Sinchai Yojana will start with small investment of ₹ 5,300 crores for this financial year . Definitely, this sum of cash isn’t enough to hide the entire of 55% of ill-fated land but the govt hopes to:
Provide artificial irrigation facility to six lakh hectares of arable land.
Provide drip irrigation to five lakh hectares of arable land.
With those two targets in mind, the PMKSY will place specialise in end-to-end irrigation and micro-irrigation projects. For micro-irrigation, government has come up with the name ‘Har Khet Ko Pani’.
Apart from performing on new irrigation facilities, the Pradhan Mantri Krishi Sinchai Yojana also aims towards fixing the poorly implemented projects under previous governments. Modi’s army was pretty vocal in remarking that the previous projects weren’t given proper attention and neither were they implemented properly albeit adequate funds were at disposal. Thus, PMKSY also will take hold of those projects and:
Rework on them with strict guidelines of internal control .
Complete 1,300 incomplete watershed projects.
According to Ministry of Finance, the first objectives of the project will include:
Investment for irrigation projects to be made directly at field-level.
Assured irrigation to encompass greater arable acreage .
Increase water usage efficiency on farms and hence, minimize wastage of water.
Adopt advanced technologies for saving water and precision irrigation.
Additionally, ₹ 200 crores are going to be set aside from the PMKSY for the promotion of NAM or National Agricultural Market. the govt has named this corpus as Agri-Tech Infrastructure Fund, abbreviated as ATIF. NAM sounds a promising endeavor because it’ll open doors to plug where farmers are going to be ready to directly sell their agricultural produce at better rates. Finance Ministry also aims towards fusing the allow PMKSY with MNREGA’s material component which can then be minutely monitored for outcomes.
Water Conservation to urge proper attention under PMKSY
While expanding artificial irrigation to 100% of arable land over years remains the first target of the Pradhan Mantri Krishi Sinchai Yojana, the govt has made it clear that conservation also will receive proper focus.
According to PM Modi, while new irrigation facilities are vital , water resource optimization and sustainable water preservation also are equally important. This has led to the motto of More Crop per Drop under which the scheme aims towards harnessing methods during which municipal water are often treated and reused for irrigation. This is sensible because water may be a precious resource and not all water sources are often used for agriculture.
This is why, consistent with Arun Jaitley, water recycling is really a trump for the general success of the Pradhan Mantri Krishi Sinchai Yojana.
Sadly, water recycling involves huge expenses and government is fully conscious of the very fact . it’s due to this, the govt plans on inviting private investments as aid .
Who controls the Pradhan Mantri Krishi Sinchai Yojana?
The plan comes from the middle but the main problem that the govt goes to face is that the scattered distribution of arable land across the country. As a result, implementation and monitoring the progress of the scheme is difficult. to beat this problem, government has decided to decentralize the general planning and implementation of the scheme. State governments are tasked with the responsibility of arising with district level irrigation plans (DIP or District Irrigation Plans). DIPs will aim for the mixing of water usage application, distribution network and water resources. All DIPs are going to be prepared at district and block levels.
A National committee with representatives from different ministries are going to be liable for supervising the project planning and ensuring that both State Irrigation Plans and District Irrigation Plans are administered over the end of the day as per strict quality guidelines. The NSC are going to be chaired by PM Modi himself.
While National committee are going to be liable for overseeing the design of the project, the implementation aspect are going to be monitored by National Executive Committee or NEC. NITI Aayog’s president are going to be chairing the NEC.
An interesting fact about Pradhan Mantri Krishi Sinchai Yojana
Apparently, Pradhan Mantri Krishi Sinchai Yojana appears to be a huge standalone undertaking but it’s not! it’s actually one among the various pro-farmer measures lined up by NDA government. The Modi-led Cabinet pondered on the prospects of amending the 2013 Land Acquisition Act in order that farmers whose lands are acquired by government for various projects can enjoy several benefits. Social Security schemes (like insurance and pension schemes) and Paramparagat Krishi Vikas Yojana are a number of the various measures taken by the NDA government with specific specialise in helping the poor segment of the Indian populace, especially those from the agricultural parts of the state .
What benefits are often expected in Pradhan Mantri Krishi Sinchai Yojana succeeds?
The list of advantages which will show up just in case of success of the PMKSY is much too long to be incorporated during this single article. However, here may be a brief idea of the advantages that Indian economy can enjoy as a whole:
Improved agricultural production will keep prices of food items in restraint and hence, control inflation.
As agricultural produce increases, there’ll be surplus. a neighborhood of this surplus are often exported and this successively will cause an influx of foreign capital. Some a part of the excess are often store to be used during times of poor production.
Increased agricultural production also will cause growth of other industries that are hooked in to agriculture for raw materials.
Also, as agricultural production increases, the necessity for importing agricultural produce from other countries drops. As a result, the cash that was otherwise set apart for import are often put to use in other areas like infrastructure development, repayment of international debt etc.
There is not even one hint of doubt that the Pradhan Mantri Krishi Sinchai Yojana is an ambitious scheme. All the govt must do is deliver as promised.
This is the first challenge because a project of this scale will have planning and implementation loopholes. There could also be situations of cash being not properly accounted for. Prevention of such things depend upon government’s plan of action and vigilance. Hopefully, NDA government will get up to its promises.
On the May, 2018, PM Modi has announced the launch of a replacement scheme which will fund micro irrigation. The scheme is officially named Pradhan Mantri Krishi Sinchayee Yojana, and therefore the Micro Irrigation Fund scheme are going to be implemented by Ministry of Finance. it’ll be implemented altogether parts of the state simultaneously, and can require an estimated 5000 crore.
The framework on this project are going to be created by NABARD. During 2018 – 2019, central government will spend around 2000 crore, and within the next fiscal year , the scheme will cost another 3000 crore. The authority will have 7 years, with a further 2 years to pay the sum back.
Under this scheme, Per Drop More Crop Component are going to be streamlined and more utilization of land are going to be made possible. The goal of the govt is bring 2 million hectares of land under this scheme on an annual basis. State governments are going to be encouraged and offer incentives to implement micro irrigation projects in their areas. India has the potential of bringing 69.5 million hectares under schemes like this. As of now, only 10 million is really placed under this project. The central government has decided to bring maximum amount of land under micro irrigation, within coming 5 years.