Calling to "raise farm incomes through diversification in farming activities", he said farmers could also opt for timber plantation along the edges of their fields and begin animal husbandry.
Diversification in farming activity will reduce the risks associated with agriculture, he added. Modi said India's future had to be built on the growth of agriculture and prosperity of its farmers and its villages and the union budget presented last month would have a far-reaching impact on these sectors. He said the next revolution in Indian agriculture had to be built on technology and modernisation and the eastern part of India had the maximum potential to achieve it. "The government is working towards this goal," he said.
Modi said reduction of input costs was the first element towards raising farm incomes and said the Soil Health Card scheme, and the Pradhan Mantri Krishi Sinchai Yojana were steps in this direction. Modi also explained the benefits of the Pradhan Mantri Fasal Bima Yojana, and said it had been evolved after wide ranging consultations. He said the scheme was characterized by minimum premium and maximum security. On the occasion, the prime minister gave away the Krishi Karman Awards for 2014-15 to states and farmers. He also launched a mobile app "Kisan Suvidha" for farmers. The mobile app will provide information to farmers on subjects such as weather, market prices, seeds, fertilisers, pesticides and agriculture machinery.