Agriculture is one of the most important parts of the Indian economy and more than half the population in India depended on farming for livelihood. In other words, it is the main economic backbone of India as provides food security.
Moreover, agriculture was the only sector that emerged as a silver lining for India’s economic recovery with over 3.4 percent growth in the first quarter of FY 2020-21 when the Indian economy registered 23.9 percent negative growth. This makes agriculture the country’s most popular field.
And, for sustainable development, a lot of public sector funding is required. So, there is vast importance of government schemes for farmers in India and the central government takes various steps to grow agriculture.
In this context, we discuss overall government schemes for agriculture in India and guide the farmers with the latest information declared by the government. But first, we need to know what a government scheme is. What are the best government schemes for farmers? Therefore, all government schemes for agriculture are really best? Will unfold all queries here one by one; so let’s start to read:
#What Is Government Scheme?
A government scheme is a time-to-time plan or yojana of ministries of the Indian government for various programs to give a better lifestyle to people. For instance, the schemes may be taken by the central government or the state government.
So, there are various schemes that the government took to provide better service for the people. The agricultural scheme is one of them. Many times governments face various protests against the schemes. So, at present time we can see this problem in India.
#Major Government Schemes In Agriculture:
Therefore, here we discuss about the major government schemes in agriculture that immensely impact the farmers’ life.
1. Pradhan Mantri Kisan Maandhan yojana:
Pradhan Mantri Kisan Maandhan yojana was launched in September 2020, by Indian Prime Minister Narendra Modi. These are mainly pension schemes for marginal and small farmers. PMKMY is the 5 crore rupees scheme where the farmers can get a minimum pension of 3000/per month after getting 60 years old. Farmers should contribute monthly at that age.
If a farmer contributes 55 rupees per month then government also contributes the same amount to his/ her pension account. The age group of eighteen to forty (18 to 40) can able to apply and it is important to have the name of the farmer of the record land. So, you must follow these rules before applying:
You can visit here for more info: PMKMY
Applicant Eligibility:
- The entry age must be between 18 years to 40 years.
- If the farmer died before 60 years of age then the half pension will receive his wife as a family pension. This is only applicable to the spouse.
- Must show the real record of your registry land and have up to 2 hectares of land.
- Applicable for only small and marginal farmers.
- When the applicant reaches the age of 60 then he can claim the pension amount.
2. PM-Kisan Scheme:
Pradhan Mantri Kisan Samman Nidhi Yojana prepared in December 2018. From PM-Kisan scheme, the small and marginal Indian farmers with less than 2 hectares of land will get a minimum of six thousand per year. The government and the administration will identify which families have the eligibility to get this scheme advantages.
The fund will be directly transferred to the farmers’ Kisan bank account. The government provides this 6000/- in three installments per year. Click here for more about PM-Kisan Scheme.
If you know more about this scheme then visit: https://www.pmkisan.gov.in
3. Kisan Credit Card scheme (KCC):
Kisan Credit Card is one of the best schemes provided by the central govt schemes for farmers that provide extra security. It was first introduced in 1998 to provide short time formal credits to farmers. Through the Kisan Credit Card, the farmers can able to apply for loans from the bank for farming requirements. The interest on this loan is a little amount. Here we show you some benefits of having a Kisan Credit Card:
- Get interested in the rate of savings on the credit balance in the KCC account
- Free ATM cum Debit Card (State Bank Kisan Card) is provided to all KCC Loan Recipients.
- Loan amount up to Rs. 3 lakhs Interest prevention interest 2%
- A 3% additional interest subsidy is given to the farmers for immediate repayment of the loan.
- Crop or notified areas are covered by crop insurance for all KCC salts.
- The amount of salt for the 1st year will be determined on the basis of the cost of cultivation, post-harvest cost, and farm maintenance cost.
- Loans will be sanctioned on the basis of financial growth under the SBI KCC scheme for the next five years.
- The security cover of KCC has been waived up to Rs 1.60 lakh.
- The limit of Kisan credit card approved on deposit security will be considered.
- The interest rate is 7% for one year or till the date of repayment of the loan.
- Failure to repay the loan within the stipulated time will increase the interest rate on the card.
- If the due date is exceeded, the amount of interest will increase at a half-yearly rate.
- The repayment period can be determined according to the expected harvesting and marketing time.
4. Pradhan Mantri Fasal Bima Yojana (PMFBY):
Farmers in our country are always insecure due to unpredictable weather and market depreciation. For various reasons, these problems are not solved. But now, the Indian government takes a scheme called Pradhan Mantri Fasal Bima Yojana to secure the farmers from any loss or accidents. Let you know that it isn’t the Ministry of Agriculture schemes. The main features of this scheme are:
- The premium of the farmers of this project is the lowest of other schemes.
- If the loss will 90% then the government will take responsibility.
- Full protection is provided; there is no exorbitant limit on the amount insured.
- This is the first time that mobile and satellites have been used extensively to meet the exact amount of damage and demand.
Visit https://pmfby.gov.in for more info.
5. Pradhan Mantri Krishi Sinchai Yojana (PMKSY):
In the Hindi language, Pradhan Mantri Krishi Sinchai Yojana is known as “Her Khet Ko Pani” and was launched in July 2015. It brings the solution of time to the irrigation supply chain of water. The Indian government committed to providing the supply of needed water for farming. Improving water sufficiency, it distributes water from field to field. Click here for more guidelines.
6. Pashu Kisan Credit Card Scheme:
In order to double the income of farmers through animal husbandry, the government has set a target to provide 1 lakh farmers with the facility of the Pashu Kisan credit card scheme. Despite the Corona crisis, the government has been working for the betterment and welfare of the farmers. Above all, the government has recently announced that 1 lakh applicants will be given cards under the Pashu Kisan Credit Card Scheme.
The government has assured that another 7 lakh Pashu Kisan credit cards will be provided later. There are 36 lakh cattle in about 16 lakh families. The administration is trying to increase income from livestock. For this purpose, it is planned to provide low-interest salt to livestock farmers. About 1.5 lakh cattle breeders have applied for the credit card under the scheme. If you also want to take advantage of this plan, read all the details carefully.
Benefits of This Central Government Subsidy Schemes for Agriculture:
Under this scheme, salt will be available for buying animals. Salt will be given at Rs 40.63 per cow and Rs 60,249 per buffalo. This loan of Rs 40, 83 will be given to the farmers through credit cards in 6 equal installments (Rs 8,696) per month. According to the official, you will be repaid this amount at an annual interest rate of 4% for one year. The time interval for repayment will be 1 year, starting from the day of receipt of the first installment.
7. National Agriculture Market (e-NAM):
Government data claimed that 1.6 crore Indian farmers make their income double at that time and these farmers registered themselves on this online platform called National Agriculture Market. This e-Marketing platform helps farmers to improve their financial condition and learn about marketing.
How to register here?
- Firstly, if you want to register e-NAM market you must visit the government’s official website.
- Secondly, fill out the registration form proving a valid email ID.
- After that, they will send the farmer’s temporary login ID to the provided mail.
- So, you need to provide KYC details and other documents to start the business.
8. Paramparagat Krishi Vikas Yojana (PKVY):
The main focus of this scheme is to create an enabling mechanism that improves cutting-edge and other works. Paramparagat Krishi Vikas Yojana was launched in 2015. The main aim of this scheme is to sponsor organic farming in India. It also includes organic matter like soil health and boosts farmers’ net income. Not only promoting the latest technology in this farming but also utilizing the services with research system. Click here for more information about this scheme.
9. Rainfed Area Development Programme (RADP):
This development program was a sub-scheme of Rashtriya Krishi Vikas Yojana launched in the year 2011-2012. The main aim of this scheme is to improve the lifestyle of farmers mainly the marginal and small farmers. Therefore, the objectives of the Rainfed Area Development Programme will discuss below:
- Develop the farming productivity of the rainfed areas following the suitable farming method.
- Crops fail in any natural disaster like flood, or drought, this scheme helps to minimize the adverse impacts of distributing through expansion and the modern farming method.
- By creating employment with vast opportunities, using the latest technologies and farming practices the scheme can gain confidence in rainfed farming areas.
- Increase the farmers’ income and provide a better lifestyle to reduce poverty in the rainfed areas.
In addition, visit here http://rkvyap.cgg.gov.in for more about this scheme.
10. National Mission for Sustainable Agriculture (NMSA):
National Mission for Sustainable Agriculture is the eight missions under the NAPCC. However, the main aim of this scheme is to promote Sustainable Agriculture via climate transform adaptation. However, it is related to the risk of climate change and ensures food security, contributing the economic stability and other facilities to the people of our country. The mission accepts that it works for many agricultural areas and greatly impacts on the farming areas. So, it observed on the levels of livestock, cropping system, and the food system. Click here for more information.
11. Dairy Entrepreneurship Development Scheme:
The National Bank for Agriculture and Rural Development, also known as NABARD, is the nodal agency for the accomplishment of the project. Moreover, cooperative Banks, Commercial Banks, and Regional Rural and Municipal Banks, State Cooperative Agriculture and Rural Development Banks, and similar national bodies that are eligible for reconsideration from NABARD will also implement the project.
Objectives of ‘Dairy Entrepreneur Development Project’ –
- Promoting the establishment of modern dairy farms for clean milk production.
- Encourage the feathers to raise cows and calves.
- Moreover, improving the quality and traditional technology of handling milk on a commercial scale.
- Structural changes in the unorganized sector, so that primary milk can be processed at the village level at an early stage.
- Creating self-employment and providing infrastructure to largely unorganized sectors.
Click this for more:
12. Soil Health Card Scheme:
Firstly, the Soil Health Card Scheme is one of the best central government subsidy schemes for agriculture. However, this scheme was first launched in 2015 that help to solve the issues about soil health. Secondly, the state governments distribute the Soil Health cards to the Indian farmers so that the farmers can easily know the nutrient status of the soil before cultivating. In addition, this https://soilhealth.dac.gov.in site helps you to know more information.