New National Agriculture Policy of India
On July 25, 2000, the government announced the New National Agriculture Policy of India with the aim of achieving consistent agricultural growth each year. The key features of this policy included:
- Consolidation of resources and technology integration.
- Ensuring sufficient credit availability for farmers.
- Encouraging private investment in the agricultural sector.
- Mitigating adverse effects of the World Trade Organization agreement and managing price volatility.
- Providing legal protection to incentivize research.
- Curtailing inter-state movement of agricultural goods.
- Reducing production duties on machinery, fertilizers, and other agricultural inputs, and introducing a comprehensive insurance policy.
- Promoting rural electrification and irrigation infrastructure development.
- Ensuring fair prices for agricultural products.
- Prioritizing the development of horticulture including fish farming, fruits, vegetables, and flowers.
This policy aimed to optimize agricultural practices and support the sustainable growth of the agricultural sector in India.
Read More: Agricultural Productivity: Trends, Determinants, and Strategies for Improvement
What is the New National Agriculture Policy of India?
The New National Agriculture Policy of India, introduced on July 25, 2000, laid out comprehensive measures to foster sustainable agricultural growth. By consolidating resources, encouraging private investment, and addressing challenges such as credit availability and price volatility, the policy aimed to enhance productivity and ensure the welfare of farmers. With a focus on modernizing infrastructure, promoting research, and prioritizing horticulture, the policy sought to transform India’s agricultural landscape, paving the way for a more resilient and prosperous farming sector.