COVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern India

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cg.authorship.typesCGIAR single centreen
cg.contributor.affiliationInternational Food Policy Research Instituteen
cg.contributor.donorIndian Council of Agricultural Researchen
cg.coverage.countryIndia
cg.coverage.iso3166-alpha2IN
cg.coverage.regionSouthern Asia
cg.coverage.regionAsia
cg.creator.identifierAnjani Kumar: 0000-0001-8920-6598
cg.creator.identifierShahidur Rashid: 0000-0001-6719-2201
cg.creator.identifierPramod Kumar Joshi: 0000-0002-9637-1767
cg.identifier.doihttps://doi.org/10.1002/aepp.13144en
cg.identifier.projectIFPRI - South Asia Region
cg.identifier.projectIFPRI-ICAR
cg.identifier.publicationRankB
cg.isijournalISI Journalen
cg.issn2040-5790en
cg.issue1en
cg.journalApplied Economic Perspectives and Policyen
cg.reviewStatusPeer Reviewen
cg.volume43en
dc.contributor.authorVarshney, Deepaken
dc.contributor.authorKumar, Anjanien
dc.contributor.authorMishra, Ashok K.en
dc.contributor.authorRashid, Shahiduren
dc.contributor.authorJoshi, Pramod Kumaren
dc.date.accessioned2024-05-22T12:10:21Zen
dc.date.available2024-05-22T12:10:21Zen
dc.identifier.urihttps://hdl.handle.net/10568/142350
dc.titleCOVID‐19, government transfer payments, and investment decisions in farming business: Evidence from northern Indiaen
dcterms.abstractthe 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.en
dcterms.accessRightsOpen Access
dcterms.bibliographicCitationVarshney, 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.13144en
dcterms.extentpp. 248-269en
dcterms.issued2021-03-01
dcterms.languageen
dcterms.licenseCopyrighted; all rights reserved
dcterms.publisherAgricultural and Applied Economics Associationen
dcterms.relationhttps://doi.org/10.2499/p15738coll2.135058en
dcterms.replaceshttps://ebrary.ifpri.org/digital/collection/p15738coll5/id/7600en
dcterms.subjectinputsen
dcterms.subjectpoliciesen
dcterms.subjectcovid-19en
dcterms.subjectliquidityen
dcterms.subjectagricultural policiesen
dcterms.subjectsocial protectionen
dcterms.subjectagricultureen
dcterms.subjectsmallholdersen
dcterms.subjectcash transfersen
dcterms.typeJournal Article

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