A recent report by the People Research on India’s Consumer Economy (PRICE), titled “Reimagining Annadata Households and Their Livelihoods Beyond the Farm”, reveals that while 42.4% of rural Indian households earn some income from agriculture, only 20.7% are fully dependent on it.
Diversified Income Sources: Many agricultural households supplement their income through non-farming activities. On average, 33% of their income comes from sources like non-agricultural self-employment (7.1%), salaried jobs outside agriculture (3.4%), and remittances (2.6%).
Income Composition: Full-time agricultural households are projected to earn an average of ₹7.31 lakh annually by 2024–25, with 67.1% from farming and allied activities.
Inclusive Definitions: Broaden the definition of 'Annadata' to include tenant farmers, sharecroppers, and landless agricultural workers, ensuring their inclusion in welfare schemes like PM-Kisan.
Promote Non-Farm Employment: Encourage rural entrepreneurship and skill development to create alternative income opportunities.
Enhance Financial Inclusion: Improve access to formal financial services for agricultural households.
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April 22
April 21 WHAT IS IT? Launched in February 2019, the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) provides ₹6,000 annually to eligible cultivable land-holding farmers in three equal instalments via Direct Benefit Transfer (DBT) into Aadhaar-linked bank accounts. DATA In these five years between 2019 to 2024, the disbursal of more than ₹3.68 lakh crore has taken place. Disbursals are now strictly linked to verified data on the PM-KISAN portal, with States/UTs responsible for ensuring accuracy and recovering funds from ineligible...
June 16 WHAT International Grains Council (IGC) is an inter-governmental organisation that administers the Grains Trade Convention (GTC). Grains Trade Convention is the only international treaty covering trade in grains, rice and oilseeds trade. The International Grains Agreement (IGA) is an international agreement focused on the grain trade which replaced the International Wheat Agreement (1995). IGA comprises of a Grains Trade Convention (GTC) and a Food Aid Convention (FAC). The IGA is administered by...
June 16 WHAT IS IT? The "100 Million Farmers" initiative is a World Economic Forum initiative aimed at accelerating the transition to net-zero, nature-positive food and water systems by reaching out to 100 million farmers. It focuses on unlocking transformative finance, data innovation, and policy change to create a tipping point for sustainable agricultural practices. It aims to reach 100 million farmers and a billion consumers by 2030. 100 Million Farmers is a multistakeholder platform catalysing action...
June 10 Rashtriya Krishi Vikas Yojana (RKVY) was launched under the Department of Agriculture & Co-operation (DAC), Ministry of Agriculture, Govt of India from 2007-08 with an aim to achieve 4% annual growth in the agriculture sector during the XIth Plan period. The scheme was later rebranded as Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RAFTAAR) to be implemented for three years till 2019-20 with a budget allocation of Rs 15,722 crore. The scheme facilitated...
January 15 Agricultural income is not subject to income tax. The Income-tax Act has, however, specified how such income is to be indirectly taxed. This is called the partial integration of agricultural and non-agricultural income. कृषि आय आयकर के अधीन नहीं है। हालांकि, आयकर अधिनियम ने निर्दिष्ट किया है कि ऐसी आय पर अप्रत्यक्ष रूप से कैसे कर लगाया जाना...
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