The Government has been reorienting the agriculture sector by focusing on an income-centeredness which goes beyond achieving merely the targeted production.
The income approach focuses on achieving high productivity, reduced cost of cultivation and remunerative price on the produce, with a view to earn higher profits from farming.
To ensure that the reform agenda of Government is implemented at a desired pace by all States/UTs, a need is felt to develop a competitive spirit between the States.
In this regard, Ease of Doing Agri-Business Index is being developed which would rank the states.
The idea is to consider farming not solely as a production oriented activity carried out to achieve food security for the country, but as a business activity carried out by farmer as entrepreneur.
The proposed index has taken the aspects of increasing production/productivity, increasing price realization of agri produce and decreasing input costs of production, risk mitigation and investment related attributes.
The index will obviously help in fostering agriculture among States by promoting a competitive spirit amongst the States.
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