Farmers' average income grew 1.3-1.7x between FY18 and FY22, says SBI study

Adds that farm loan waivers benefitted just 50% of farmers since 2014; MSP has been instrumental in boosting incomes

farmers, agriculture

The study also called for state intervention to give tenancy certificates to tenant farmers to bring them into the formal credit system

Sanjeeb Mukherjee New Delhi
As the government grapples to meet its stated goal of doubling farmers’ income by 2022-23, a study by India’s largest bank, SBI, shows that between financial year 2017-18 and 2021-22, the average income of farmers rose by 1.3 -1.7 times across India, while in some crops like soybean in Maharashtra and cotton in Karnataka, incomes have in fact doubled during the same time.

The study, which comes barely days after the Centre showcased success stories of farmers who have managed to double their incomes during the past few years, also said that the increase in income of farmers growing cash crops has been more than those growing non-cash crops between FY18 and FY22.

The SBI study is based on primary

First Published: Jul 17 2022 | 6:13 PM IST

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