India's foodgrain production registered an impressive growth of over
30 percent in the last nine years. It went up to 259 million tonnes in
2012-13 from 198.36 million tonnes in 2004-05. This is result of
government initiatives like National Food Security Mission, NFSM, and
Rashtriya Krishi Vikas Yojana. While NFSM is an area and crop specific
scheme, RKVY is a highly flexible mega scheme to incentivise states for
investment in agriculture.
The flow of agricultural credit was raised from 86981 crore rupees in
2003-04 to 5.75 lakh crore in 2012-13.The Minimum Support Price of
major crops also increased by more than hundred per cent during the
period.
India has now become food surplus and exports of agriculture and
allied products have increased from 29.8 billion Dollars in 2011-12 to
33.54 billion Dollars in 2012-13.
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