8. Financial support to farmers through various instruments has been a crucial aspect of agricultural policy of the government. Examine whether the proposal of moving towards direct transfer of benefits and universal crop insurance would alleviate the existing concerns in the current scenario.

Approach:

♤ In the introduction, explain the current financial support to the farmers, as highlighted by the given statement.

♤ Discuss the issues with current instruments of financial support and measures needed to address them.

♤ Provide a solution oriented conclusion.