Study of Major Agricultural Policies & Implementation of Major Schemes on Rural Development of Haryana and Impact

Abstract

For the marketing of agricultural good, increasing the agricultural productivity and developing the agricultural infrastructure the state government constituted the Haryana state marketing board on 1 august. 1969 and this board also draft the policies for the state’s agriculture. Objective of our paper is ‘To explore the Government policies, programs for development of agricultural and rural development and assess its impact in terms of execution’. This chapter includes studying of different agricultural and rural development policies implemented by the government like “Fasal Bima Yojana and MANREGA. Prime Minister Narendra Modi unveiled Pradhan Mantri Fasal Bima Yojana (PMFBY) on February 18, 2016. PMFBY seeks to provide a robust insurance policy against crop loss, thus assisting farmers in stabilizing their profits. Since the beginning of the liberalization reforms in the early 1990s, the country has made amazing economic and social progress. With a population of more than 1.3 billion, India is the 7th largest country in the world (3 million square kilometers) and the 2nd maximum populated country just after China, which accounting for 18 percent of the world's population. Agricultural property, on the other side, is incredibly scarce, with just 0.15 ha per capita. Despite the reality that urbanization has grown approximate 28 per cent to 30 per cent in the last decade (World Bank WDI, 2018). With an annual growth rate of about 7 per cent over the last five years, India accounts one of the fastest growing developing markets. Since 2014, India’s economy has been strengthened by structural reforms and low commodity prices, which have increased the country’s external current account status (imports and exports). Moreover, sustained fiscal shrinkage, which has reduced government deficits and debt accumulation, as well as an anti-inflationary monetary policy posture, has aided macroeconomic stability (OECD, 2017a). Significant measures have also been taken to reduce India’s domestic industry less uneven. The Goods and Services Tax (GST) reform, which had been in the works for more than a decade, went into practice in July 2017.