Current Affairs

Union Cabinet approves Agriculture Export Policy, 2018

Union Cabinet chaired by Prime Minister Narendra Modi has approved Agriculture Export Policy, 2018 with an aim to double farmer's income by 2022.
Union Cabinet approves Agriculture Export Policy, 2018
  • Cabinet has also approved a proposal for establishment of Monitoring Framework at the Centre with Ministry of Commerce as nodal Department to oversee the implementation of Agriculture Export Policy.
  • It will also have representation from various ministries and departments and agencies and representatives of concerned State Governments.

About the Agriculture Export Policy:

  • It is aimed at doubling agricultural exports and integrating Indian farmers and agricultural products with the global value chains.
  • Its vision is to harness the export potential of Indian agriculture, through suitable policy instruments and to make India a global power in agriculture and raise farmers' income.

Objectives of the Policy:

  • Double agricultural exports from present US$ 30+ Billion to US$ 60+ Billion by 2022 and reach US$ 100 Billion in the next few years thereafter with a stable trade policy regime.
  • Diversify India's export basket, destinations and also boost high value and value added agricultural exports including perishables.
  • Provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phyto-sanitary issues.
  • Strive to double India's share in the world agri-exports by integrating with global value chain at the earliest.
  • Promote indigenous, organic, ethnic, traditional and non-traditional agri products exports.
  • Enable farmers to benefit from export opportunities in overseas markets.

Elements of Agriculture Export Policy:

Strategic:

  • Policy measures.
  • Holistic approach to boost exports.
  • Infrastructure and logistics support.
  • Focus on Clusters.
  • Promoting value-added exports.
  • Marketing and promotion of Brand India.
  • Greater involvement of State Governments in agri exports.

Operational:

  • Attract private investments into production and processing.
  • Research & Development.
  • Establishment of a strong quality regimen.
  • Miscellaneous.

Question:

Q. Union Cabinet chaired by Prime Minister Narendra Modi has approved which policy with an aim to double farmer's income by 2022?
a. Agriculture Produce Policy, 2018
b. Agriculture Market Policy, 2018
c. Agriculture Export Policy, 2018
d. None of the above
Union Cabinet approves Agriculture Export Policy, 2018 Union Cabinet approves Agriculture Export Policy, 2018 Reviewed by Inderjeet Virdi on December 11, 2018 Rating: 5

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