Business Standard

Farmer bodies want income guarantee

The organisations demanded higher budgetary allocation for irrigation

farmer
Premium

farmer

Sanjeeb Mukherjee New Delhi
Some farmers’ organisations have demanded the Centre announce an income guarantee law for them to ensure a minimum income when crops fail and also when prices crash due to a bumper harvest.

To be called the Remunerative and Universal Price Yield Assurance (RUPYA) Act, the legislation would guarantee a price deficiency payment in the event of a price crash, a market intervention scheme for perishables, price stabilisation fund for plantation crops and minimum support price for pulses and oilseeds. 

The organisations, under the aegis of Swaraj Abhiyan, also plan to present a parallel farmers’ budget on February 1 and hold a farmers’

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in