Role of agriculture in indian economy essay. Role of agriculture in indian economy essay 2022-10-24
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Agriculture plays a vital role in the Indian economy. It is the primary source of livelihood for more than 58% of the population in India. It contributes approximately 18% to the country's Gross Domestic Product (GDP). The sector is characterized by its diverse cropping patterns, owing to the varied agro-climatic conditions across the country.
Agriculture in India is highly dependent on monsoon rains, which makes it vulnerable to droughts and floods. Despite this, the sector has shown resilience and has witnessed steady growth over the years. The green revolution in the 1970s, which introduced high-yielding varieties of seeds, modern irrigation techniques, and the use of fertilizers and pesticides, revolutionized the sector and led to an increase in food grain production.
The government has taken several initiatives to boost the agriculture sector. These include the provision of credit facilities to farmers, the creation of a national market for agricultural produce, and the implementation of various schemes to provide financial support to farmers. The government has also introduced several policies to encourage the use of modern technologies in agriculture, such as precision farming and the use of drones for crop monitoring and pest control.
Agriculture is not only an important source of food, but it also plays a crucial role in the rural economy. The sector provides employment to a large number of people, particularly in rural areas. It contributes to the development of rural infrastructure and helps in the overall socio-economic development of the country.
In conclusion, agriculture plays a vital role in the Indian economy. It is the primary source of livelihood for a large section of the population and contributes significantly to the country's GDP. The government has taken several initiatives to boost the sector and improve the lives of farmers. Despite the challenges faced by the sector, agriculture has shown resilience and will continue to play a crucial role in the development of the Indian economy.
Essay on Role of Agriculture in Indian Economy
Residents can also sell what they grow, providing them with a source of income, thus not only raising the national income level but the standard of living as well. Third party guarantee may or may not be insisted upon i. Agriculture is an important part of the Indian economy. Do you need to buy Custom Written Sample Papers? No security is kept against the loan amount. Regional Rural Banks account for just about 6 per cent of total credit disbursement. With the entry of the private sector, the Indian agriculture will witness a new era defined by cutting edge technology and increased productivity. However, instead of squandering your expertise or deceiving them, there are individuals nowadays who are knowledgeable.
Agriculture in India Essay — 700+ Words Essays [Top 3]
This is quite evident from the fact that the past two consecutive bad monsoons i. The Government is getting a substantial income from rising land revenue. This classification has equity considerations. The farmers were the first to learn farming and brought agriculture from original Savages, to the modern world. Pradhan Mantri Krishi Sinchai Yojana providers end-to-end solutions to irrigation related problems. In this article Essay on Agriculture in India, we had provided the various essays in different word limits, which you can use as per your need: Cultivation has started in West Asia, where our ancestors began growing wheat and barley as well as raising animals like sheep, goat, cow, and buffalo.
I Time classification:— It classifies credit into three groups, i. Although not all countries have the same taxes in developed countries, there are more. The Middles Ages was a time of great agricultural improvement for Europe. Supply of raw material to agro-based industries: Agriculture supplies raw materials to various agro-based industries like sugar, jute, cotton textile and vanaspati industries. Given the scale of investment needed, aid donors should also expand development assistance to agriculture, rural services, and science and technology. In case you miss this: Image Source: To analyze the role and importance of agriculture in the economy, one has to study all these aspects.
Importance of Agriculture in Economy Free Essay Example
This makes farmers aware of the risk of crop failure due to bad weather, lack of resources. Agricultural Revolution Impact On Society 1293 Words 6 Pages Agricultural Revolution is the term used for the impact that agriculture had on the Neolithic Society. Then we will dig in to the importance of agriculture. State Bank of India: State Bank of India has taken initiative to do away with scales of finance fixed for various crops by district technical committees to facilitate farmers to avail need-based production loans based on the improved package of practices followed by farmers for growing crops. A number of reasons have been attributed for the popularity of moneylenders such as: a they meet demand for productive as well as unproductive requirement; b they are easily approachable at odd hours; and c they require very low paper work and advances are given against promissory notes or land.
In this way, agriculture has also affected the environment, and we have to find ways to eliminate these effects soon. All of these somehow stem from the soil that covers this very earth. The scope of the fund has been extended to cover Gram Panchayats, Self Help Groups to develop rural infrastructural facilities like soil conservation, rural market yards, drainage improvement, etc. Agriculture is the backbone of the Indian economy. It is a very important sector in Indian economy.
Essay on Agriculture for all Class in 100 to 500 Words in English
Hitherto, the village fertilizer and pesticide dealers have become defacto extension specialists with their limited knowledge. Bio-Villages: A new development paradigm for rural development by M. Relief measures for farmers indebted to non-institutional lenders takeover of loans from money lenders. The scythe and plow were invented in Europe, as well as the development of crop rotation. Their borrowings are mainly from three sources. Fruits and vegetables, herbs, meats, even dairy products.
Agriculture does not only mean the procedure of cropping instead it means much more. Although new technologies are coming up every day in the agricultural sector, due to pollution, the land is getting degraded, and it is becoming less fertile. Conclusion From the above discussion, we can conclude that India is the second-largest producer of the product of agriculture. However, the overall growth rate is not evenly distributed across regions or crops. Money lenders charge a very high rate of interest as they take advantage of the urgency of the situation. Institutional funding of the farm sector is mainly by commercial banks, regional rural banks and co-operative banks.
Sample Essay on Role of Agriculture in Indian Economy
The methods used to achieve the objectives are knowledge, skills, information and organizational empowerment of rural families. Based on approach: Individual approach: Loans advanced to individuals for different purposes will fall under this category Area based approach: Loans given to the persons falling under given area for specific purpose will be categorized under this. Many schemes involving subsidies and concessions for the weaker sections were routed through cooperatives. The way soldiers of our nation protect our country from enemy attacks, in the same way; farmers of our country feed us daily. Based on liquidity: The credit can be classified into two types based on liquidity and they are Self-liquidating loans: They generate income immediately and are to be paid with in one year or after the completion of one crop season. These are expected to be repaid after the harvest.
The concept is gaining ground with the transformation of agriculture from a traditional activity to a commercial activity. . Buying agricultural inputs like seeds, fertilizers, plant protection chemicals, feed and fodder for cattle etc. A good harvest also provides the government with significant sums of money to cover its planned expenses. Large proportion of increasing labour force has been absorbed in agriculture due to absence of any alternative employment opportunities and would only add further to the already low production and disguised unemployment. The capital remained at Rs.
Clearly, agriculture is a very large part of our lives. Moreover, the secured loans are further classified on the basis of type of security e. It is thought that agriculture first began during a time when there were shortages of plants and large game that would normally be found in the wild. Paramapragat Krishi Vikas Yojana is another new scheme which motivates groups of more than 50 farmers to switch over to organic farming. Agricultural influence on national income: The contribution of agriculture during the first two decades towards the gross domestic product ranged between 48 and 60%. To facilitate the process of integrating Indian agriculture with global economies. Advocates of the new rotations included an emerging group of experimental scientists, some government officials, and landowners, believed that new methods were scarcely possible within the traditional system of open fields and common rights.
