Many smallholder farmers, especially women and other marginalized groups, face difficulty in accessing loans and other forms of credit.
Search
Many developing economies suffer from a lack of reliable rainfall measurements due to a lack of funds and a shortage of equipment – such as gauges and radars.
In early 2020, global alarms went off as a new virus threatened to take the lives of millions, prompting numerous countries into lockdown.
If the government can ensure that the benefits of credit facilities reach farmers in a time-bound fashion, the sector could finally leapfrog into a new regime of growth and enhanced farmer welfare.
Like other businesses, farmers and ranchers are facing short-run adverse effects of the COVID-19 crisis and longer-term recession challenges.
An IFPRI-ICAR study in UP reveals that the scheme, along with agricultural advisory services, can pull farmers out of poverty.