Key Points
It, however, can't be denied that there are a host of difficult, entrenched issues, which have kept the sector from reaching the next level, where it can be among the economy's saviours...
The Economic Survey 2023-24 argues how traditional development models saw economies transition from agriculture to industrialisation and then to value-added services, but currently, at a time when technological advancements and geopolitics are challenging this progression, trade protectionism, resource hoarding, overcapacity and dumping, onshoring production, and the rise of AI are limiting the opportunities for countries to drive growth through manufacturing and services...
It is a database of farmers with details like their agriculture landholding, GPS coordinates of each plot and crops grown on them, and income, credit and insurance history..
Ownership disputes prevent a farmer from using land to access credit besides creating other similar problems.. Agri stack can remove the challenge of addressability in the agricultural sector and thus lead to productivity gains and rise in farmer income...
In her budget speech, she said that rural land related actions will include (1) assignment of Unique Land Parcel Identification Number (ULPIN) or Bhu-Aadhaar for all lands, (2) digitization of cadastral maps, (3) survey of map sub-divisions as per current ownership, (4) establishment of land registry, and (5) linking to the farmers registry..
