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Title: Farm sentiments remain positive led by good monsoon: Report
Source:The Economic Times
Date:16 October 2020

Farm sentiments have remained buoyant mainly driven by healthy monsoon and further optimism of a good kharif crop, according to a report. Agriculture income is likely to benefit over the medium term aided by increased government focus on rural income coupled with the recently introduced farm reforms, Icra Ratings said in the report. Moreover, it said the rural household incomes have stayed resilient in the face of the COVID-19 pandemic and have been supported by healthy farm cash flows across regions, aided by high levels of rabi procurement under various government schemes after a season of bumper harvest. Further, increased government support through schemes like MNREGA and PM-KISAN have helped in creating employment and easing liquidity pressure on rural incomes, brought about by large scale reverse migration from urban to rural areas post the imposition of the nationwide lockdown, it added.




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