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N EGLECT OF AGRICULTUR E IN INDIA AFTER L IBERL IZATION Presentation by P. Chengal Reddy, Secretary General CIFA

2. P.Chengal Reddy, Secretary General - CIFA. 3. P.Chengal Reddy, Secretary General - CIFA. 4. P.Chengal Reddy, Secretary General - CIFA. 5. P.Chengal Reddy, Secretary General - CIFA. 6. P.Chengal Reddy, Secretary General - CIFA. 7. P.Chengal Reddy, Secretary General - CIFA. 8. P.Chengal Reddy, Secretary General - CIFA.

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N EGLECT OF AGRICULTUR E IN INDIA AFTER L IBERL IZATION Presentation by P. Chengal Reddy, Secretary General CIFA

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    1. 1 P. Chengal Reddy, Secretary General - CIFA

    2. 2 P.Chengal Reddy, Secretary General - CIFA

    3. 3 P.Chengal Reddy, Secretary General - CIFA

    4. 4 P.Chengal Reddy, Secretary General - CIFA

    5. 5 P.Chengal Reddy, Secretary General - CIFA

    6. 6 P.Chengal Reddy, Secretary General - CIFA

    7. 7 P.Chengal Reddy, Secretary General - CIFA

    8. 8 P.Chengal Reddy, Secretary General - CIFA

    9. 9 P.Chengal Reddy, Secretary General - CIFA

    10. 10 P.Chengal Reddy, Secretary General - CIFA

    11. 11 P.Chengal Reddy, Secretary General - CIFA

    12. Diluting the objective of credit to priority sectors. 1985 directive - Banks to extend Agri credit to an extent of 40% of net bank credit. Change of Direction in 1993 - only direct finance for agriculture should be considered as a part of the priority sector target of 18% Agriculture & Allied. 1993, Direct & Indirect finance have been considered as Priority Sector – only direct finance for agriculture should be reckoned. Corporate, Partnership firms and Institutions in included. Loans under the category “Other types of Indirect Finance. 5 6 % in 1999 increased to 7 6 % in 2006 . Changes brought in RB I credit policy 2008 – 09 Major expansion of loans with a credit limit of more than Rs. 10 crore, and particularly, more than Rs. 25 crore. 7 5 % decline in the share in amount of small Agriculture 2003 - 2 3 . .6 0%, 2006 - 1 3. 3 0% Agri advances of Rs. 1crore and above increased by a whopping 400% 12 P.Chengal Reddy, Secretary General - CIFA

    13. 15. Farmers’ unfriendly steps by GOI Ban of Export of Rice Ban of Private Trade in Wheat Market Ban of Commodity Trading. Non Implementation of N. C. F of Dr. M.S. Swaminathan (October 200 6. ) Non Implementation of Arjun Sen Gupta Commission Recommendations Non Implementation M.P’ report Agriculture Standing Committee Implementation of 6th pay Commission with in 4 months. 1990 – 2006 – reduction of rural Bank B ranches 35134 to 30572 Indebtedness of farmers of Andhra Pradesh – 82% - Tamilnadu – 75 % - Punjab – 65 %. 13 P.Chengal Reddy, Secretary General - CIFA

    14. 16. ACTION PROGRAMME Focus on small farmers and Dry Land Farming Increase public investment in Agriculture, storage and marketing facilities Increase irrigated land Improve Agri R&D and Extension services Provide Bank Loans up to 18% of Bank Credit Fix remunerative M.S.P as per recommendations of N.C. F. Remove Trade and Other Controls / Regulations P.Chengal Reddy, Secretary General - CIFA 14

    15. P.Chengal Reddy, Secretary General - CIFA 15

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