The Union government might declare 8-10% increment in average wages under the Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) by connecting these to an updated inflation index, the revamped customer cost record, agriculture labour (CPI-AL). A portion of the government plan is to solidify existing welfare plans for farmers such as PM-KISAN and MGNREGA. Sources within the government said that it had chosen to go for combination because it is reeling from dwindling assets. Presently individuals can check the MGNREGA Wage Rate 2020-21 as the scheme is likely to induce Rs. 10,000 cr push.

Authorities said that in horticulture, the push would be on growing the network of warehousing centres by giving them tax incentives or simple credit facilities. There seem also to be motivations for agriculturists to broaden from rice and wheat to more productive crops. To boost rural income, the government seems raise MGNREGA Budget for 2020-21 to Rs 70,000 crore. In 2019-20 (FY20), it was Rs 60,000 crore. In this fiscal year, the rural development service has allegedly looked for an additional Rs 20,000 crore for MGNREGA. As of now, the national normal wage of an MGNREGA specialist is Rs 178.44 per day, less than the minimum agriculture wage rate in a few states.

As per industry experts, an agreement appears to be building on improving the allotment for speeding up setting up of 22,000 rustic markets beneath the Gramin Agricultural Programme (GrAM) propelled in 2018. The authorities said that the program is financed through Rs 2,000-crore committed horticulture fund made in Nabard.

A senior official said that other than GrAMs, a few support allotment is additionally anticipated for the Electronic National Agriculture Market (eNAM) plot. Besides GrAMs, to interface 1,000 markets through a common pan-Indian electronic trading portal. Now, over 500 mandis or APMC markets are trading online under eNAM. Officials said there was also a proposal to create a dedicated fund for agriculture start-ups, so that they get a proper ecosystem to grow and develop. He added that there is a need to attract more private funds in the agriculture sector for which specific steps should be taken.

Credits: Business Standard