Indian farmers to get direct cash benefits
indianexpress.com
Indian farmers to get direct cash benefits
1–10 of 37 posts
Re: Indian farmers to get direct cash benefits
#2Sounds great, now how do they really plan on making sure the money actually gets to the farmer?
Re: Indian farmers to get direct cash benefits
#3> “Through the Rajiv Gandhi Kisan NYAY Yojana, steps have been taken to provide all requisite resources to the farmers of Chhattisgarh, encourage crop production and send funds directly to their bank accounts. There is a plan to include landless tribal agricultural labourers in the second phase of this scheme. This is a very unique decision which will make them all self-sufficient,” said Sonia Gandhi.
Next phase is providing ubi to labourers who don't have any land. This sounds like a great step forward.
Interestingly coming out at the same time as people are criticizing Andrew Yang and Jack Dorsey for their UBI initiatives.
Re: Indian farmers to get direct cash benefits
#4State governments should reject Modi regime's stimulus package and instead seek autonomy to print local currency https://en.wikipedia.org/wiki/Chiemgauer
Re: Indian farmers to get direct cash benefits
#5State governments should reject Modi regime's stimulus package and instead seek autonomy to print local currency https://en.wikipedia.org/wiki/Chiemgauer
Interesting. Never heard of local currency. There is also the concept of dual currency at national level. One normal free floating with varying conversion rates and other pegged to USD
Re: Indian farmers to get direct cash benefits
#6State governments should reject Modi regime's stimulus package and instead seek autonomy to print local currency https://en.wikipedia.org/wiki/Chiemgauer
Balkanisation of India won’t happen. Keep trying though.
Re: Indian farmers to get direct cash benefits
#7Sounds great, now how do they really plan on making sure the money actually gets to the farmer?
Many (all?) Indian banks have to offer a no-frills zero-balance bank account by law. Since many banks are government owned, it’s quite easy for such banks to offer these accounts. A lot of welfare schemes directly transfer the money to the recipients’ bank accounts. I suspect this will, too.
To prevent welfare fraud, many bank accounts have been linked with a biometric database called “Aadhar”. In fact I believe all Indian residents need to have registered their biometrics to operate a bank account (as you can imagine, people who don’t receive welfare aren’t huge fans of this rather invasive approach).
Re: Indian farmers to get direct cash benefits
#8Quick aside since "lakh" is used in the summary: In Indian numbering, a lakh is 100,000. There is also a crore, which is 10M.
Re: Indian farmers to get direct cash benefits
#9Wow, that's lots of money. If they're growing wheat, that's 34 bushels worth at $5 per bushel. I don't know what yields are like in India, but in Saskatchewan, Canada 34 bushels per acre of wheat is not a great crop, but it's not a bad one either.
In other words, that payment could double a typical Saskatchewan farmer's gross income. And considering that the farmer's expenses are typically 90% of the income, that's about 10x the net income. (A typical Saskatchewan farmer has about 2000 acres of land).
Re: Indian farmers to get direct cash benefits
#10So... it's a payout to landowners?