The farming and agriculture is the only way to feed the population of a nation or of the world.
Any country where the farming is a side business and mainly they are industrial nations they are offering various types of subsidy to the farmers or indirectly to the farm produce so that farmers can be retained into the agribusiness. If farmers will see the benefit in agriculture then they will keep doing farming.
As the industrial nations are mainly depend on the various other industries and agriculture is only a side business, so retaining farmers is just to fulfill the food needs of the country’s population.
Worldwide agriculture alone provides 19% of the employment and India its approximately 65%.
As the food is a prime and mandatory requirement and food productions also needs to grow as population increases. In our country agriculture and its allied sectors provides the livelihood to more than 65 percent of the population alone. Rest 30 - 35% of the population’s livelihood comes from rest other sectors. Thus the agriculture is the biggest and single sector which provides the biggest employment to the Indian nationals. As a result agriculture is of most important sector where the government has to be serious.
Those unemployed persons who don’t find any other job they tend to search opportunities in the field of agriculture. Thus the agriculture is a last hope of employment also. In India as the country is not an industrial economy hence people don’t have options to opt for other jobs. Governments also can’t provide the direct employment to this big population. Thus those 65% who are already employed in agriculture and on its allied fields, they need to be supplemented by government in case of any loss or any urgency. To fulfill all these requirements the government extends its support to the farmers via some subsidies and loan wavier. This is just because the government to aim to sustain the interest of the farmers in the farming and the employment can be restored by extending some support. This small help by the government satisfies a vast range of requirements.
If food production will go down then the dependency on the other nations will increase. People can live without oil and other things but not without food. So self dependency on the food production front is prime requirement for India and same for any other nations too. But for India with the food production it’s a matter of employment And to conserve the money from importing food grains.
This is not a good practice to offer loan wavier to farmers because misuse of this government help is taking place. A visionary step taken by Uttar Pradesh current govt to provide interest free loans for the farmers. This will increase the trust of the farmers in the banking and they will also mentally prepare to repay the loans. Because offering interest free loan is also very big support by any government to any sector.
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