Investments of nearly Rs 1,000 crore in the National Monsoon Mission and the High Performance Computing program of the Ministry of Earth Sciences (MoES) over the past five years have generated economic benefits worth up to Rs 50,000 crore for farmers, ranchers and fishermen, a survey showed.
The study conducted by the National Council for Applied Economic Research (NCAER) was based on a face-to-face survey of 6,098 respondents – 3,965 farmers, 757 marine fishermen and 1,376 livestock owners.
Responses from over 2 lakh farmers were also collected via an interactive voice response system.
“The report forecasts an estimated income gain of nearly Rs 13,000 crore per year for farmers and ranchers and an additional benefit of nearly Rs 48,000 crore,” the ministry said.
The report was launched by Earth Sciences Minister Harsh Vardhan at an event here on Tuesday.
A total of Rs 551 crore was spent for the national monsoon mission while Rs Rs 438.9 crore was incurred for the high performance computing program for better weather forecasting. A total of Rs 990 crore has been spent on these two projects.
For every rupee invested in the National Monsoon Mission and the ministry’s high performance computing facilities, the country earned profits worth Rs 50, which was multiplied by fifty, he said.
“Adding the economic gain accruing to farming households and fishing households, the present value of benefits accruing to BPL households in the rainfed areas amounts to Rs 50,447 crore.
“The current level of investment is well below the profits achievable over a five-year period,” the report said.
Speaking at the event, Mr Vardhan said the information provided by these projects was helping farmers at different levels – from ensuring early or delayed planting, to changing the irrigation schedule. , vaccinate livestock and improve forage management for them.