Punjab blames Centre for over Rs 35,000-crore farm debt | chandigarh | Hindustan Times
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Punjab blames Centre for over Rs 35,000-crore farm debt

chandigarh Updated: Mar 21, 2012 17:10 IST
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Punjab government today alleged that the unfavourable policies of the central government had led to a total farm debt of over Rs 35,000 crore.

"The price of major inputs such as diesel and fertilisers and also the procurement price of food grains is determined by the central government and its unfavourable policies have adversely affected the farmers, leading to total farm debt of more than Rs 35,000 crore," Punjab Governor Shivraj Patil said in his address to the state assembly.

The Governor said Punjab also faced discrimination because of the criteria used in fixing allocations under Rashtriya Krishi Vikas Yojana.

However, he said, the state government would continue its farmer-friendly initiatives and endeavour to increase public investment in agriculture.

He said the state government would coordinate with other stakeholder to press for a new system for fixing Minimum Support Price (MSP) of farm products to either link these to the Price Index or be fixed as per the recommendations of M S Swaminathan formula of 50 per cent profit over the cost of cultivation.

Special attention would be paid towards the promotion of agricultural research, he added.