Cabinet approves Agriculture Export Policy 2018 to double farmer's income by 2022

Dec 7, 2018 16:44 IST
Cabinet approves Agriculture Export Policy 2018 to double farmer's income by 2022

The Union Cabinet, chaired by Prime Minister Narendra Modi, on December 6, 2018 approved the Agriculture Export Policy 2018, which aims to double farmer's income by 2022.  

The Cabinet has also approved the proposal for establishment of Monitoring Framework at Centre with Ministry of Commerce as the nodal Department with representation from various Ministries, agencies and representatives of concerned State Governments to oversee the implementation of the Policy.

Elements of Agriculture Export Policy

The Agriculture Export Policy encompasses Strategic and Operational elements. These are:

Strategic

Operational

  • Policy measures
  • Infrastructure and logistics support
  • Holistic approach to boost exports
  • Greater involvement of State Governments in agri exports
  • Focus on Clusters
  • Promoting value-added exports
  • Marketing and promotion of “Brand India

 

  • Attract private investments into production and processing
  • Establishment of strong quality regimen
  • Research & Development
  • Miscellaneous

 

Agriculture Export Policy 2018

Vision    

 

The Agriculture Export Policy envisions to “harness export potential of Indian agriculture, through suitable policy instruments, to make India global power in agriculture and raise farmers’ income.”

Objectives

  • To double agricultural exports from present approximate USD 30+ billion to approximate USD 60+ billion by 2022 and reach USD 100 billion in the next few years thereafter
  • To diversify export basket, export destinations and boost high value and value added agricultural exports including focus on perishables
  • To promote indigenous, organic, ethnic, traditional and non-traditional agricultural products exports.
  • To provide an institutional mechanism for pursuing market access, tackling barriers and dealing with sanitary and phyto-sanitary issues.
  • To double India’s share in world agriculture exports by integrating with global value chain at the earliest
  • Enable farmers to get benefit of export opportunities in overseas market

Significance

 

The Policy will double the agricultural exports and integrate Indian farmers and agricultural products with the global value chains. Exports of agricultural products would play a crucial role in achieving the goal of doubling farmers’ income by 2022.

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