By Mukesh
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Updated On: 10-Feb-2023 12:26 PM
Indian government has implemented finance scheme such as Kisan Credit Card and Pradhan Mantri Kisan Samman Nidhi, and insurance schemes such as Pradhan Mantri Fasal Bima Yojana and Livestock Insurance Scheme.
The Indian government has implemented a number of schemes to support farmers and improve their livelihoods. These schemes include finance schemes such as Kisan Credit Card and Pradhan Mantri Kisan Samman Nidhi, and insurance schemes such as Pradhan Mantri Fasal Bima Yojana and Livestock Insurance Scheme. The article provides an overview of these schemes, including details on how farmers can avail them and what benefits they provide. It also mentions state government schemes and subsidies that farmers can take advantage of. The article aims to educate farmers about the various government schemes available to them and to help them make the most of these opportunities to improve their livelihoods. These schemes can be broadly categorized into finance and insurance schemes.
Kisan Credit Card (KCC) scheme: This scheme provides farmers with easy access to credit from banks. KCC holders can use the card to borrow up to Rs. 3 lahks for agricultural activities.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN): This scheme provides financial assistance to small and marginal farmers to support their income.
Pradhan Mantri Kisan Maandhan Yojana (PMKMY): This scheme provides pension benefits to small and marginal farmers.
National Bank for Agriculture and Rural Development (NABARD): This organization provides financial assistance to farmers for various activities such as land development, irrigation, and agricultural mechanization.
Interest Subvention Scheme: this scheme provides interest subvention of 2% to farmers who pay the interest on their crop loans on time.
Agriculture and Rural Development Bank (ARDB) schemes: This scheme provides financial assistance to farmers for various activities such as land development, irrigation, and agricultural mechanization.
Agriculture Insurance Company of India Limited (AIC) scheme: This scheme provides insurance coverage to farmers for their crops against natural calamities such as drought, flood, and hailstorm.
Rashtriya Krishi Vikas Yojana (RKVY): This scheme provides financial assistance to farmers for various activities such as land development, irrigation, and agricultural mechanization.
Micro Irrigation Fund (MIF): This scheme provides financial assistance to farmers for the installation of micro-irrigation systems such as drip and sprinkler irrigation.
These are some of the finance schemes currently available for farmers in India, but there may be more depending on the region, the local government or the state government.
Pradhan Mantri Fasal Bima Yojana (PMFBY): This scheme provides crop insurance to farmers against natural calamities such as drought, flood, and hailstorm.
National Livestock Insurance Scheme: This scheme provides insurance coverage to farmers for their livestock against death or disability due to natural causes and also for the loss of their livestock due to theft.
Weather-based Crop Insurance Scheme (WBCIS): This scheme provide insurance coverage to farmers against adverse weather conditions such as drought, excess rainfall, etc.
Pilot Weather-based Crop Insurance Scheme: This scheme is a pilot scheme provide insurance coverage to farmers against adverse weather conditions such as drought, excess rainfall, etc.
Modified National Agricultural Insurance Scheme (MNAIS): This scheme provides insurance coverage to farmers for their crops against natural calamities such as drought, flood, and hailstorm.
Cattle Insurance Scheme: This scheme provides insurance coverage to farmers for their cattle against death or disability due to natural causes.
Goat Insurance Scheme: This scheme provides insurance coverage to farmers for their goats against death or disability due to natural causes.
Poultry Insurance Scheme: This scheme provides insurance coverage to farmers for their poultry against death or disability due to natural causes.
These are some of the insurance schemes currently available for farmers in India, but there may be more depending on the region, the local government or the state government.
To avail these schemes, farmers can contact their local Agriculture Department or visit the nearest Common Service Center (CSC) to get more information. They can also visit the official website of the Ministry of Agriculture and Farmers Welfare (www.agriculture.gov.in) to get more details on the schemes and their eligibility criteria.
In addition to the central government schemes, state governments also provide financial assistance and subsidies to farmers. For example, the Tamil Nadu government provides subsidies for drip irrigation, while the Maharashtra government provides subsidies for solar pumps. Therefore, farmers should also check with their state government for any schemes and subsidies that may be available to them.
In conclusion, the Indian government has implemented a number of schemes to support farmers and improve their livelihoods. These schemes include finance schemes such as Kisan Credit Card and Pradhan Mantri Kisan Samman Nidhi, and insurance schemes such as Pradhan Mantri Fasal Bima Yojana and Livestock Insurance Scheme. Farmers can avail these schemes by contacting their local Agriculture Department or visiting the nearest Common Service Center (CSC). They should also check with their state government for any schemes and subsidies that may be available to them.