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Small Farmers Empowerment Will Boost India’s GDP: Tomar
Farming is the backbone of India’s economy and the farm ecosystem is the main pillar of Indian economy, he says
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Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar on Tuesday said if the small farmers will be empowered, it will boost India’s gross domestic product (GDP).
While speaking at an event in New Delhi, he said that small farmers constitute 85 per cent of the farming community and they face the challenge of a lack of private investment.
He added, "Farming is the backbone of India’s economy and the farm ecosystem is the main pillar of the Indian economy."
The minister added that the central government has undertaken an ambitious programme of forming 10,000 Farmers' Producers Organisations (FPOs) with an outlay of Rs 6,865 crore to boost the economic capacity of the small farmers.
He further added while in the plains, 300 farmers can form an FPO, in the hilly and north-eastern region 100 farmers can join to form an FPO.
He mentioned that the FPOs can have the bargaining power to have new technologies, improved fertilizers and quality seeds as well as equipment and can add productivity through cluster farming.