Recently, farmers from various regions of the country marched to Delhi to register their protest against the government’s neglect of farmers’ demands. Poor earnings of the farmers led to the never-ending distress in the agricultural sector and this resulted in the increasing number of farmer suicides. These worrying realities call for an appropriate policy response and sustainable alternatives to the current agricultural methods.
The Finance Minister on August this year had announced a series of measures to boost the economy and the financial market sentiments of the country. Among them was the setting up of a development bank. This comes during the time when there is an increasing call for sustainable development of the economy and the promotion of eco-friendly technologies. This announcement was in response to the economic slowdown and discouraging capital market sentiments. The idea for the establishment of a sound development bank is encouraging as it helps in providing investments on long-term projects that may have little or no profitable returns but are essential for the sustainable development of the country. This move allows for risky investments, the ones that are essential for addressing the environmental concerns, technological growth, and rural economic development.
Recently, Jammu and Kashmir Rural Livelihoods Mission (JKRLM), ‘UMEED’, through its Self Help Group (SHG) platform has initiated a first of its kind all-women dairy Farmers Producer Organization (FPO) at Mitrigam in Pulwama district. The initiative is quite a milestone as it is the first of its kind of being an FPO with all its members as women. Nowadays, farmer producer organisations are quite famous among farmers as these are playing a crucial role by helping their members achieve better produce prices and creating employment. The Government of India through its various initiatives has been trying to promote such organisations for quite some time. As the trends suggest, they have a larger role to play in the coming time.