NEW NATIONAL AGRICULTURAL POLICY
The Government of India announced the new agricultural policy on 25th July, 2000. The aim of the new policy is to achieve the target of 4 per cent per annum growth in agriculture. The main features of the policy are as follows:
- Efficient use of resources and technology.
- Timely and adequate credit is to be provided to farmers.
- Private sector investment in agriculture would be encouraged.
- To protect the farmers against the adverse effects of implementation of WTO agreement.
- To protect the farmers against fluctuations in agricultural prices.
- The restrictions on the movement of agricultural commodities throughout the country would be removed.
- Excise duties on agricultural machinery, fertilizers, etc. will be reduced.
- Package insurance policy for the farmers.
- Rural electrification, rural roads and development of irrigation to be encouraged.
- Strengthening agriculture marketing infrastructure.
- Focus on horticulture, floriculture, animal husbandary and fisheries.
- Remunerative prices for agricultural products.
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