The flow of credit to the farm sector has increased to Rs.264, 455 crore during the last fiscal from Rs.254, 657 crore in 2007-08. But the agriculture growth fell sharply to 1.6% from 4.9% of 2007-08.
The food subsidy increased 40% during the last fiscal to Rs.43, 668 crore from the Rs.31,260 crore in 2007-08.
According to the survey, the government must promote the smart cards among farmers so that they can benefit from various state-sponsored schemes.
The Economic Survey also called for expediting schemes such as the Kisan Credit Cards, revival of short-term rural cooperative credit structure, agriculture debt waiver and debt relief schemes.
The Survey added that improving the productivity and increasing the net sown area for farming are essential tasks for the farm sector.
According to the survey, an area of 63.83 million hectares was sown under rabi crops in 2008-09 as against 61.97 million hectares the year before.
The area sown under kharif crops in 2008-09 have shrunk by 2.3% as compared to 2007-08.
It has also called for the developing of rural infrastructure and providing of connectivity that are vital for the movement of agricultural production along with irrigation. As per the survey, the production of food grains last fiscal stood at 229.85 million tonnes.
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