In India, which of the following can be considered as public investment in agriculture? 1. Fixing Minimum Support Price for agriculture produce of all crops 2. Computerization of Primary Agriculture Credit Societies 3. Social Capital development 4. Free e

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Q: (IAS/2020)
In India, which of the following can be considered as public investment in agriculture?
1. Fixing Minimum Support Price for agriculture produce of all crops
2. Computerization of Primary Agriculture Credit Societies
3. Social Capital development
4. Free electricity supply of farmers
5. Waiver of agriculture loans by the banking system
6. Setting up of cold storage facilities by the governments

Select the correct answer using the code given below:

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,163,81,16,11,163,54

keywords: 

{'public investment': [0, 0, 0, 1], 'agriculture': [5, 1, 0, 6], 'agriculture loans': [0, 0, 0, 1], 'agriculture produce': [0, 0, 0, 1], 'primary agriculture credit societies': [0, 0, 0, 1], 'crops': [6, 1, 6, 7], 'farmers': [1, 3, 8, 26], 'india': [8, 1, 7, 13], 'social capital development': [0, 0, 0, 1], 'governments': [1, 0, 0, 0], 'banking system': [0, 0, 0, 1]}

The question is about what can be deemed as public investment in agriculture in India.

Option 1 suggests that Fixing Minimum Support Price (MSP) for all crops, Computerization of Primary Agriculture Credit Societies, and Waiver of agriculture loans by the banking system amount to public investment. However, MSP doesn`t represent a direct capital investment. Similarly, loan waivers form a financial rather than capital investment.

Option 2 adds Social Capital development, and free electricity supply to farmers to the list. But, supplying free electricity and social capital development can regarded a subsidy or a welfare measure, not a capital investment.

Option 3 includes only Computerization of Primary Agriculture Credit Societies, Social Capital development, and Setting up of cold storage facilities by the government. Among these, Cold storage creation and computerization can indeed be seen as public investment as it implies direct capital investment in infrastructural development.

Option 4 encompasses all the above aspects. But as discussed, not all actions amount to public investment in agriculture.

So, Option 3 is the correct answer i.e., 2, 3 and 6 only.

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