Published Paper Details:

Agriculture the backbone of India no doubt plays a crucial role in India's economy which provides a support system to the considerable portion of the rural people. However the income of the farmers in India characterized by significant instability arising due to many factors like price fluctuation, uncertain climate condition, high rise input costs, shatter land holding of the farmers and most importantly fluctuating market access. Income instability not only affects the agricultural sector but also affects the socio-economic atmosphere of farmer's household. This seminar here will focus on farms income instability and its impact on farmer's mental condition in India. The study is completely based on secondary data which is collected from published government reports, National Sample Survey Office (NSSO), National Statistical Office (NSO) , Reserve bank of India , NITI Aayog and research studies. The research paper here explores the pattern of farm income, price fluctuation and income diversification over time. Particular attention is given to small and marginal farmers as there number is high and they constitute the majority of agricultural household in India. This paper summarizes about the farmers well-being including economic security, consumption capacity and finally psychological well-being. The study explores that how deeply income uncertainty contributes to stress, reduced consumption capacity and overall insecurity in livelihood among farmers. Farm income totally linked with the challenges in Indian agriculture which includes monsoon, limited access to institutional credit, price fluctuation and imperfect market. While policies as MSP, Crop insurance schemes, Subsidies and income support programs helps to reduce the risks. By focusing on an extensive policy approach on price stabilization, risk management strategies, institutional credit and income support system we can enhance the economic security and can improve the overall well-being of farmers.