Question

Explain the problems of the ``indebtedness'' of Indian farmers. Analyse the importance of ``Farmer’s Portal'' in helping the farmers.

Hint:

Farmer’s Portal = Information empowerment for farmers.

Answer 1

Concept: Indebtedness refers to the growing burden of loans on farmers due to low income and high agricultural risks. It is a major socio-economic issue in rural India. Problems of Farmers’ Indebtedness:

• Low Agricultural Income:
  Fluctuating crop prices and low yields reduce farmers’ earnings.
• High Input Costs:
  Rising cost of seeds, fertilisers, and machinery increases dependence on loans.
• Dependence on Moneylenders:
  Many farmers borrow from informal sources at high interest rates.
• Crop Failure Risks:
  Droughts, floods, and pests often lead to inability to repay loans.
• Lack of Institutional Credit Access:
  Small and marginal farmers face difficulties in accessing formal banking services.

Importance of Farmer’s Portal:

• Access to Information:
  Provides farmers with real-time data on weather, market prices, and crop advisories.
• Awareness of Government Schemes:
  Helps farmers learn about subsidies, insurance, and welfare programmes.
• Better Market Connectivity:
  Enables farmers to make informed decisions about selling their produce.
• Scientific Farming Guidance:
  Offers expert advice on modern agricultural practices.
• Reducing Dependence on Middlemen:
  Digital access empowers farmers with direct knowledge and opportunities.

Conclusion:
The Farmer’s Portal helps reduce indebtedness by empowering farmers with knowledge, improving decision-making, and enhancing access to institutional support.