Farmers in debt entice attributable to rising manufacturing costs and falling prices: Hooda

“Farmers in Punjab are forced to throw their capsicums on the roads because prices have crashed to Re 1 per kg,” the earlier Haryana chief minister acknowledged.

CHANDIGARH: Congress chief and former Haryana chief minister Bhupinder Singh Hooda on Thursday acknowledged farmers throughout the nation have been going by a catastrophe as BJP had promised to double their earnings by 2022, nonetheless in its place of accelerating this, it had elevated enter costs, resulting in debt.

Hooda suggested the media that Pradhan Mantri Fasal Bima Yojana (PMFBY) is proving helpful for the insurance coverage protection firms, in its place of the farmers.

“The farmers keep waiting for compensation at the time of crop failure and companies reap huge profits. They (the farmers) have not yet received compensation for the damage caused by the unseasonal rains in Haryana. Till now, through this scheme, insurance companies have earned a profit of Rs 40,000 crore in the country,” the Leader of the Opposition acknowledged.

Hooda acknowledged throughout the Raipur convention of the Congress, the social gathering had taken a choice that after the formation of the Congress authorities, the PMFBY might be given a model new look by eradicating all shortcomings.

“The insurance scheme will be operated by public sector companies, which will work on the principle of ‘no-profit, no-loss’ and provisions would be made to create a revolving fund. Besides, its benefit will also be given to the landless agricultural labourers.”

He acknowledged the farmers should promote their mustard and wheat at a cost lower than the minimal help worth (MSP) on this season and he himself visited promoting yards and knew the ache of the farmers.

“In the value vary of 2018-19, the federal authorities had launched the TOP (tomato, onion and potato) scheme to revenue the farmers who develop greens, nonetheless instantly the tomatoes grown by farmers of Madhya Pradesh, the onions grown by Maharashtra farmers and the potatoes of the farmers of Haryana are bringing solely grief to the farmers.

“Farmers in Punjab are forced to throw their capsicums on the roads because prices have crashed to Re 1 per kg,” Hooda acknowledged.

The former CM extra added that he himself recently visited the market of Kurukshetra, and the farmers suggested him that the value of potatoes was as little as 50 paise per kg. But the value of rising potatoes is Rs 5-6 per kg. Similarly, instantly mustard farmers are moreover not getting MSP. The farmers are pressured to advertise their crops at a cost Rs 1,000-1,500 decrease than the MSP.”

“Same is the condition of wheat. Due to unseasonal rains, it has been decided to impose a huge value cut in the rate of wheat from government procurement agencies on luster loss, while the government should bear this value cut itself and farmers should be given a bonus up to Rs 500 per quintal,” he added.