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Farm sentiment stays constructive: ICRA

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Farm sentiment remained buoyant, pushed by a wholesome monsoon and additional optimism of an excellent Kharif crop regardless of the COVID-19 pandemic, rankings company ICRA mentioned in a report.

Rural family incomes stayed resilient, supported by wholesome farm money flows throughout areas and aided by excessive ranges of Rabi procurement underneath varied authorities schemes after a bumper Rabi harvest, it added.

Besides, elevated authorities help, by way of the likes of MNREGA and PM-KISAN, had helped create employment and easing liquidity strain on rural incomes, led to by large-scale reverse migration to rural areas throughout lockdown, the company mentioned.

Shamsher Dewan, VP, ICRA, mentioned although there have been fears of disruption within the Rabi procurement course of, the identical was “mitigated by prompt lifting of restrictions by the Centre for agricultural activities”.

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