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Trump's son-in-law Jared Kushner possible next chief of staff: US media        Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback        Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"        Author Amitav Ghosh Honoured With 54th Jnanpith Award        Supreme Court sees no wrongdoing in Rafale deal, rules out probe        India bowled a little bit short, Australia pacers could benefit: Border        ISL: FC Goa thrash NorthEast United 5-1        BWF World Tour Finals: PV Sindhu, Sameer Verma Register Easy Wins To Enter Semifinals        Diving legend says HIV-contracted friend inspired him to Olympic gold        India beat Pakistan to reach final of Emerging Teams Asia Cup        Boosting exports key to make India $5-tn economy by 2025: Kant        Prabhu, US Commerce Secretary to discuss trade issues on Feb 14        Ceasefire for key Yemen port agreed at peace talks: UN        Britain's May sees no 'immediate breakthrough' at EU        Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha        Ashok Gehlot appeals to Cong workers in Raj to maintain peace        Rahul tweets pic with Kamal Nath, Scindia as race for CM moves to Bhopal        Aussies will fight back, but India has upper hand: Ghavri        World Tour Finals: Tough road ahead for Sindhu; Sameer too eyes knockout berth        Govt should consider 100% FDI in multi-brand retail trade: CII report        
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National News
Agri sector needs long-term solutions, loan waiver temporary: Naidu
 
Mumbai, Nov 15 (PTI) Terming farm loan waiver and free power supply as mere "temporary and populist" steps, Vice-President Venkaiah Naidu Thursday made a pitch for long-term solutions like infrastructure support and cheap credit to improve the agriculture sector.

Delivering the Laxmanrao Inamdar Memorial Lecture here, Naidu also called for suitable changes in the laws governing the cooperative sector in view of changed techno-economic and business scenarios to make the cooperative institutions "viable and vibrant".

The University of Mumbai had organised the lecture to mark the birth centenary late Laxmanrao Inamdar, who was instrumental in the formation of Sahakar Bharati in 1979.

"There are many challenges in the agriculture sector. You cannot have temporary solutions to agriculture. Loan waiver, free current ... they are temporary," he said.

"What is needed is remunerative price, infrastructure support for agriculture and cheap credits. Unfortunately for political reasons, we move to populistic, temporary measures," Naidu said adding that the governments should rather focus on long-term solutions.

He said since agriculture was becoming unviable, people were moving to urban areas from rural parts.

"You cannot reverse urbanisation, even if you want to ... Even today, 56 per cent people depend on agriculture.

"The best method of (improving) agriculture according to me is the strengthening of the cooperative movement. This has to be understood by all including the planners, NITI Aayog, political parties, Parliament, people and media," he said.

"The prime minister promised to double farmers' income by 2022. This is a noble idea, but it is not simple. The government has raised the MSP of most of the crops. Cooperatives can help small and marginal farmers in taking the benefits of higher MSPs," he said.

Terming India's cooperative movement as the "biggest" in the world, he said it has led to tremendous progress in several sectors of the Indian economy.

"I am told 75 per cent of rural households have been covered through a network of over 8.50 lakh cooperatives with a membership of well over 25 crore," he said.

Naidu, however, lamented that in recent years, the cooperative sector has faced structural challenges like dormant membership, lack of active participation of members in the management, politicisation of cooperatives and bureaucratic control.

Similarly, low level of participation by women and youth is a challenge and needs to be addressed, he said.

"Mounting dues in cooperative credit institutions, inadequate mobilisation of own resources, over-dependence on governmental and institutional support, lack of professional management have proved harmful to their growth. There have been instances of mismanagement and absence of monitoring," he said.

"Probably, the time has come to bring requisite changes in the relevant laws governing the cooperative sector in the context of changed techno-economic and business scenario to make the cooperatives viable and vibrant enterprises," the vice president said.


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INTERNATIONAL NEWS
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