COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India
the April–June 2020 quarter, the nation's agricultural sector, somewhat surprisingly, seems to have done remarkably well. This paper examines whether the public transfer program Pradhan Mantri Garib Kalyan Yojana (PMGKY), announced immediately after the lockdown, benefited farmers in dealing with th...
| Autores principales: | , , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Agricultural and Applied Economics Association
2021
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/142350 |
| _version_ | 1855540405312946176 |
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| author | Varshney, Deepak Kumar, Anjani Mishra, Ashok K. Rashid, Shahidur Joshi, Pramod Kumar |
| author_browse | Joshi, Pramod Kumar Kumar, Anjani Mishra, Ashok K. Rashid, Shahidur Varshney, Deepak |
| author_facet | Varshney, Deepak Kumar, Anjani Mishra, Ashok K. Rashid, Shahidur Joshi, Pramod Kumar |
| author_sort | Varshney, Deepak |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | the April–June 2020 quarter, the nation's agricultural sector, somewhat surprisingly, seems to have done remarkably well. This paper examines whether the public transfer program Pradhan Mantri Garib Kalyan Yojana (PMGKY), announced immediately after the lockdown, benefited farmers in dealing with the COVID shock. Overall, 95% of the smallholders received support from at least one of PMGKY's four components. Direct cash transfers had significantly more impact than in‐kind transfer schemes. The result shows that farmers receiving cash transfers under PM‐KISAN, one component of PMGKY, were more likely to invest in buying seeds. In contrast, farmers receiving cash transfers under PM‐UY, another piece of PMGKY, were more likely to invest in fertilizer and pesticides. Finally, smallholders who received benefits from all four components of PMGKY were more likely to invest in purchasing seeds, fertilizer, and pesticides. Findings suggest the fungibility of public cash transfers from the recent PMGKY scheme is significant in alleviating credit constraints and increasing future investments in modern inputs. |
| format | Journal Article |
| id | CGSpace142350 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Agricultural and Applied Economics Association |
| publisherStr | Agricultural and Applied Economics Association |
| record_format | dspace |
| spelling | CGSpace1423502024-10-25T08:05:34Z COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India Varshney, Deepak Kumar, Anjani Mishra, Ashok K. Rashid, Shahidur Joshi, Pramod Kumar inputs policies covid-19 liquidity agricultural policies social protection agriculture smallholders cash transfers the April–June 2020 quarter, the nation's agricultural sector, somewhat surprisingly, seems to have done remarkably well. This paper examines whether the public transfer program Pradhan Mantri Garib Kalyan Yojana (PMGKY), announced immediately after the lockdown, benefited farmers in dealing with the COVID shock. Overall, 95% of the smallholders received support from at least one of PMGKY's four components. Direct cash transfers had significantly more impact than in‐kind transfer schemes. The result shows that farmers receiving cash transfers under PM‐KISAN, one component of PMGKY, were more likely to invest in buying seeds. In contrast, farmers receiving cash transfers under PM‐UY, another piece of PMGKY, were more likely to invest in fertilizer and pesticides. Finally, smallholders who received benefits from all four components of PMGKY were more likely to invest in purchasing seeds, fertilizer, and pesticides. Findings suggest the fungibility of public cash transfers from the recent PMGKY scheme is significant in alleviating credit constraints and increasing future investments in modern inputs. 2021-03-01 2024-05-22T12:10:21Z 2024-05-22T12:10:21Z Journal Article https://hdl.handle.net/10568/142350 en https://doi.org/10.2499/p15738coll2.135058 Open Access Agricultural and Applied Economics Association Varshney, Deepak; Kumar, Anjani; Mishra, Ashok K.; Rashid, Shahidur; and Joshi, Pramod K. 2021. COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India. Applied Economic Perspectives and 43(1): 248-269. https://doi.org/10.1002/aepp.13144 |
| spellingShingle | inputs policies covid-19 liquidity agricultural policies social protection agriculture smallholders cash transfers Varshney, Deepak Kumar, Anjani Mishra, Ashok K. Rashid, Shahidur Joshi, Pramod Kumar COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India |
| title | COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India |
| title_full | COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India |
| title_fullStr | COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India |
| title_full_unstemmed | COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India |
| title_short | COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India |
| title_sort | covid 19 government transfer payments and investment decisions in farming business evidence from northern india |
| topic | inputs policies covid-19 liquidity agricultural policies social protection agriculture smallholders cash transfers |
| url | https://hdl.handle.net/10568/142350 |
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