To improve the lots of farmers in the country and meet its target of doubling their income in the next five years, the union government has proposed creation of an ease of doing agri-business index.
It has circulated a concept note alongwith parameters for developing an Index has been to all States/UTs inviting their views. The concept is to consider farming not solely as a production oriented activity carried out to achieve food security for the country, but as a business activity carried out by farmer as entrepreneur. The proposed index has taken the aspects of increasing production/productivity, increasing price realization of agri produce and decreasing input costs of production, risk mitigation and investment related attributes.
The proposed index aims to help in fostering agriculture among states by promoting a competitive spirit amongst them.