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Insuring against Investment: How policies foster agricultural distress

Anirudh Rajan writes, Despite many critiques of agricultural insurance schemes more and more of the annual budget is being allocated towards insurance subsidies and often at the cost of more impactful programmes. These insurance schemes serve a dual purpose of temporarily stemming farmer backlashes from crop failures and lost earnings and at the same time enable the BJP’s corporate backers to profiteer off agrarian distress.


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