He also pitched for more private sector involvement, reforms in land lease policy and easy market access, while emphasizing the need to train farmers with additional skills to get jobs outside farming to tide over the agricultural crisis.

He said Indian farmers benefited from rising global food prices from 2005 till 2012, but the situation has worsened in the last two years.

Suggesting key reforms to sustain farm growth and farmers' welfare, Chand said there is a need to provide some income to farmers outside agricultural sector.

For that, farmers need to be trained to get jobs outside farming and existing programmes like Start Up India should focus on these issues as well.

On credit, Chand said that 50 percent of the farmers still depend on private lenders. To bring them into formal banking credit system, he suggested launch of a 'kisan dhan yojana' to be blend with the existing 'Jhan Dhan Yojana'.

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