EASE OF DOING AGRI-BUSINESS INDEX

Nov. 14, 2018

Union Government is planning to roll out a new Ease of Doing Agri-Business Index next year, which will rank the States on the basis of reforms in agri-business, especially with regard to marketing, land and governance reforms.

About:

According to a recent concept note released, the proposed Ease of Doing Agri-Business Index will rank the States on the basis of reforms in agri-business as well as their investment in agriculture, increased productivity, reduction of input costs, and risk mitigation measures.
Parameters:

Parameter	Weightage of parameter in scoring system
Marketing reforms	25%
Governance and land reforms	20%
success in reducing the cost of farm inputs by distributing soil health cards and encouraging organic farming and micro-irrigation	20%
Risk mitigation measures such as crop and livestock insurance	15%
increased productivity	10%
investment in agriculture	10%
Note: The parameters are process-oriented, and are meant to evolve as and when new reforms or initiatives are proposed, says the concept note.

High-performing States on the index will be rewarded by Union Government in the form of receiving extra funding for the Agriculture Ministry’s flagship schemes.

Do you know?

NITI Aayog already brings out an Agricultural Marketing and Farm Friendly Reforms Index, rating States on their implementation of such reforms. In the initial edition of that Index in 2016, Maharashtra stood first in the rankings, followed by Gujarat.

Source : The Hindu

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EASE OF DOING AGRI-BUSINESS INDEX

Union Government is planning to roll out a new Ease of Doing Agri-Business Index next year, which will rank the States on the basis of reforms in agri-business, especially with regard to marketing, land and governance reforms.

Latest Current Affairs

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