India Markets closed

NABARD Chairman speaks on the New Farm Bills 2020 passed in the Rajya Sabha

How will the New Farm Bills improve the situation for the farmers and what are the trends in the rural economy? NABARD Chairman Dr. GR Chintala tells ET NOW that the rural economy is not impacted by the pandemic and the recovery is actually strong in the rural sector. He sees absolutely no downside in Agriculture and remains optimistic about the credit growth of the sector.

Good monsoon, the strong harvest will bode well for agriculture, according to Dr. Chintala. Speaking on the New Farm Bills, he believes the new bills allows farmers to enter into contracts before sowing crop and gives them total freedom on production & rates.