Agriculture Minister Narendra Singh Tomar stated that the government has been pursuing the target of doubling farmers' income by 2022 and several interventions taken are showing a ‘positive impact’. In 2016, Prime Minister Narendra Modi-led government had set a highly ambitious target of doubling farmers’ incomes by 2022. An inter-ministerial committee on ‘Doubling of Farmers' Income’ was set up in April 2016 to recommend strategies to achieve this goal. He said the implementation of various recommendations of the committee and comprehensive interventions of the government are ‘having a positive impact on growth of agriculture and income of farmers’.
The minister said the government has adopted several developmental programmes, schemes, reforms and policies that focus on higher incomes for the farmers. All these policies and programmes are being supported by higher budgetary allocations, non-budgetary financial resources by way of creating corpus funds, and supplementary income transfers under PM-KISAN. The latest major intervention includes the 'Atma Nirbhar Bharat- Agriculture package' which includes comprehensive market reforms and creation of 'Agricultural Infrastructure Fund' worth Rs 1 lakh crore.
The minister also mentioned that the committee on doubling farmers' income recommended seven sources of income growth. These include improvement in crop productivity; improvement in livestock productivity; resource use efficiency or savings in the cost of production; and increase in the cropping intensity. Diversification towards high value crops, improvement in real prices received by farmers, and shift from farm to non-farm occupations are also included.