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Transformation of Farming through Public-Private Partnership: A Way to Achieve Sustainable Agricultural Development Goals


Yeragorla Venkata Harikrishna, Palaparthy Steffi, Meenu Maheswaran
Pages: 115-136
ISBN: 978-93-93502-04-9


Advanced Trends in Agricultural Extension (Volume -3)

Advanced Trends in Agricultural Extension
(Volume - 3)

Abstract

Generally, the farming sector in India is facing severe myriad issues of climate change, pests and diseases, irrigation, water, credit etc. Problems in the agricultural sector cannot be solved by a single agency (public sector) alone as it can’t meet the required funds and technology for the projects but require a system innovation. So the Government had decided to negotiate this firm by collaborating with the sector which could provide these requirements which were none other than the private entities. A public-private partnership is a contractual agreement between a public agency and a private sector entity regarding the provision of public services or facilities to share the skills and assets of each sector for the benefit of the general public and also share the risks and rewards inherent in it. PPP agreements also allow the public sector to consider otherwise unaffordable projects. PPP approaches are best visualized in numerous aspects of agriculture in the context of research and development, quality improvement, crop production, extension and marketing. Based on the potentiality of partners, budget and time functional and operational factors of the PPP tie-in tends to vary from a different dimension to dimension. Thus, PPPs allow the public sector to leverage more financial resources by using the private sector as an intermediary.

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