Market-oriented schemes need to be aggressively promoted so that farmers can benefit from the rise in prices in the off season
The government has announced an umbrella scheme, aptly titled Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) to enable farmers to realize the minimum support price (MSP) for kharif crops. The price support scheme, price deficiency payment scheme, private procurement, stockist scheme and procurement of wheat and rice for public distribution (through Food Corporation of India and state governments) have their own merits and challenges. However, there is another option that can benefit farmers by directly linking them to markets. It is the warehousing receipt system and it has not received due attention from policy makers.
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