Agricultural Reforms Institutional


 
 
Concept Explanation
 

Agricultural Reforms Institutional

Institutional Reforms : Institutional reforms refer to reforms in basic economic policy and the way in which the overall economy is organized. An example of institutional reform is the process of liberalization that was launched in India in 1991. 

Main Motives of these Reforms are as follows:-

  • 1.   Collectivisation, consolidation of land holdings, cooperation etc. were given priority by the government after independence.
  • 2.   Abolition of zamindari system and land reforms was the main focus of our first five-year plan.
  • 3.   Establishment of Grameen Banks, cooperative societies and banks for providing loan facilities to the farmers at lower rates of interest.
  • 4.   Provision for crop insurance against drought, flood, cyclone, fire and disease.
  • 5.   The government also announces Minimum Support Price (MSP) and remunerative and procurement prices for important crops to check the exploitation of farmers by speculators and middlemen.
  • 6.   Kissan credit cards and personal accident insurance schemes introduced.
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