New Delhi, August 9: Chalking out 3-years action plan for the agricultural sector, NITI Ayog has stressed on remunerative prices for farmers and raising productivity in the sector. The committee has planned for an increase in production of pulses, use of wasteland, seed village program and model contract farming. Including agriculture, NITI Ayog has drafted a plan for other sectors also.
For new plantation, good quality of seed is very important. To focus on this aspect, the financial assistance for distribution of foundation/certified seeds at 50% cost of the seeds for cereal crops and 60% for pulses, oilseeds, fodder and green manure crops for the production of quality seeds is now available for one acre per farmer.
In pursuance of the announcement in the Union budget 2017-18, Ministry of Agriculture and Farmers’ Welfare has constituted a Committee on 28.02.2017 to formulate a Model Contract Farming Act for adoption by the States. This Model Act on Contract Farming would address the constraints in promoting contract farming in a holistic manner by the States.