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India's Foodgrain Production registered a Growth of 30 Percent

India's foodgrain production registered an impressive growth of over 30 percent in the last nine years.

Jun 4, 2013 16:28 IST
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India's foodgrain production registered an impressive growth of over 30 percent in the last nine years. It went up to 259 million tonnes in 2012-13 from 198.36 million tonnes in 2004-05. This is result of government initiatives like National Food Security Mission, NFSM, and Rashtriya Krishi Vikas Yojana. While NFSM is an area and crop specific scheme, RKVY is a highly flexible mega scheme to incentivise states for investment in agriculture.

The flow of agricultural credit was raised from 86981 crore rupees in 2003-04 to 5.75 lakh crore in 2012-13.The Minimum Support Price of major crops also increased by more than hundred per cent during the period.

India has now become food surplus and exports of agriculture and allied products have increased from 29.8 billion Dollars in 2011-12 to 33.54 billion Dollars in 2012-13.

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