Agriculture Minister T. Siddique inaugurates digital mechanism at 2,000 Onam markets in Keralam
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
The Kerala government launched a digital mechanism at 2,000 Onam markets to facilitate direct benefit transfers to farmers and stabilize market prices.
Background
The initiative involves an integrated digital mechanism to ensure prompt payments to farmers via Direct Benefit Transfer (DBT). The scheme includes a price stabilization model where produce is procured at a 10% premium and sold at a 30% discount, supported by a ₹10.74 crore allocation.
Facts for Prelims
- FactThe scheme covers 2,000 Onam markets in Kerala.
- FactState agencies allocated ₹10.74 crore for market intervention support.
- FactThe mechanism uses Direct Benefit Transfer (DBT) for prompt payments to farmers.
- FactThe price stabilization model involves a 10% premium on procurement and a 30% discount on sales.
For Mains
Q. Discuss how digital interventions and price stabilization mechanisms can enhance the income of small and marginal farmers in India.
Dimensions to cover in your answer
- efficiency of DBT in reducing leakages
- impact of price stabilization on market equilibrium
- role of technology in agricultural marketing
Keywords: Direct Benefit Transfer · Price Stabilization · Digital Intervention · Market Efficiency · Farmer Welfare
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