'MSP hike, adoption of model APMC Act to help double farmers' income'
These actions, including fostering competitive markets, are in line with the government's target of doubling farmers' income in five years.
"I am confident that if states adopt the measures which have been suggested by the government then we will be in a position of achieving this target at the national level," Chand told PTI in an interview.
He said the growth in agriculture sector is close to 5 percent which is reasonable to achieve the target.
He, however, noted this cannot be done only through a hike in MSP.
"That is why we are emphasizing on adoption of model Agricultural Produce Market Committee (APMC) Act by states. Even competitive markets are important for transmitting benefits of higher MSP to farmers," Chand stressed.
Recently, Prime Minister Narendra Modi said the government, through an extensive and balanced policy, is aiming to provide inputs like quality seeds, fertilizers, water, and electricity as well as markets for increasing farmers' income.
He noted that the target can be achieved by cutting input cost, providing a fair price for the crop, preventing post-harvest losses and creating alternate sources of income.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)