DOUBLING FARMERS INCOME: CHALLENGES, SCHEMES TO ACHIEVE THE GOAL AND OPPORTUNITIES

Abstract

More than half of India's population depends on agriculture for their living. To increase output and guarantee food security, the agriculture industry is continuously refining its processes. There is a serious threat to farmers' livelihood and sustainability because they deal with risky and uncertain situations on their farms almost every day, which makes them more stressed about the profession's continued survival. On this basis, the Indian government declared that farmer income would double by 2022. As a result, the Indian government established a committee in 2016 to assess current issues and make recommendations for workable solutions in order to fulfil the goal of "Doubling Farmers' Income by 2022.". Even with the Indian government's enormous efforts, there are still certain obstacles in the agriculture sector. Farmers can increase their income by double by increasing total production, optimizing market prices, cutting production costs, diversifying their products, managing their crops well after harvest, etc. In order to achieve the goal of doubling farmers' income, the paper aims to analyze the current situation of farmers in our nation and to look at the schemes and opportunities that present challenges.