In India, which of the following can be considered as public investment in agriculture?
1. Fixing Minimum Support Price for agricultural produce of all crops
2. Computerization of Primary Agricultural Credit Societies
3. Social Capital development
4. Free electricity supply to farmers
5. Waiver of agricultural loans by the banking system
6. Setting up of cold storage facilities by the governments
Select the correct answer using the code given below:
Answer:
(c)
Non-traditional
Public investment in Agriculture constitutes investments made by government to create capital or social assets to improve agricultural productivity. Fixing MSP gives farmers the remunerative price without creating any durable infrastructure. So, (1) is not correct. • Computerization Agri credit societies improves their productivity by digitising their functioning. Social capital development like agri education improves the knowledge base of farmers paving the way for improved productivity. So, (2) and (3) are correct. • While free electricity and waiver of agri loans creates government liabilities without creating any durable assets on ground. So, (4) and (5) are not correct. • Cold chain infra also helps reduce post-harvest losses creating durable assets. So, (6) is correct. Therefore, the correct answer is (c).