Direct Transfer Of MSP On Paddy Prevented Exploitation Of Farmers, Says Ashwini Vaishnaw

Bhubaneswar: The minimum support price for farmers against the sale of paddy will be done through direct benefit transfer (DBT), eliminating the chances of exploitation by the middlemen.

Addressing mediapersons here on Sunday, Railway Minister Ashwini Vaishnaw said Prime Minister Narendra Modi has ensured the financial independence of farmers by starting the DBT for paying money to the farmers against the produce sold.

The experiment in Punjab, W Odisha and Haryana proved beneficial for the farmers as they did not have to depend on landlords or big farmers for their hard-earned money. This has also helped eliminating the chances of exploitation by the middlemen, he added.

They money transferred to the bank accounts of farmers has also ensured that they are now at the mercy of the middlemen or landlords, said Vaishnaw.

This reform, introduced by the BJP government, will boost rural economy. The pumping of thousands of crores directly into the pockets of farmers will significantly impact the consumption cycle which, in turn, will create the demand to kick-start the economy,  stated a report in The FirstPost.

India’s rural economy constitutes more than 46 percent of the national income; nearly 70 percent of our population still lives in rural areas. Hence, any increase in the income of the farmers has the biggest impact on the Indian economy.