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Initiatives of Department of Agriculture to promote farming and allied sectors during lockdown

  • IASbaba
  • April 16, 2020
  • 0
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Initiatives of Department of Agriculture to promote farming and allied sectors during lockdown

Part of: GS Prelims and GS-II – Agriculture; Welfare Schemes

In News:

  • Exemptions have been given by Government of India for agricultural operations keeping in view the harvesting and sowing season. 

Key takeaways:

  • The All India Agri Transport Call Centre has been launched. It is set up for coordination between States for inter-state movement of perishable commodities.  
  • Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme  about 8 crores farmers have been benefitted. 
  • Under the Pradhan Mantri Garib Kalyan Yojana (PM-GKY) large amount of pulses have been dispatched for delivery to the States/UTs. 
  • Under the Pradhan Mantri Fasal Bima Yojana (PMFBY), around Rs.2000 crores of insurance claims have been disbursed to the beneficiary farmers. 
  • Decision has been taken for providing 2% Interest Subvention (IS) to Banks and 3% Prompt Repayment Incentive (PRI) to farmers for the extended period of the lockdown. 

Important value additions:

Pradhan Mantri Kisan Samman Nidhi

  • It is an initiative by the government of India in which all farmers will get up to ₹6,000 per year as minimum income support

Pradhan Mantri Garib Kalyan Yojana (PM-GKY) 

  • During the 2020 coronavirus pandemic in India, Finance Minister announced a ₹1.70 Lakh Crore ($24 billion) relief package under Pradhan Mantri Garib Kalyan Yojana for the poor.

The Pradhan Mantri Fasal Bima Yojana(PMFBY)

  • It is an insurance service for farmers for their yields.
  • It was formulated in line with One Nation–One Scheme theme by replacing earlier two schemes National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS) 
  • It aims to reduce the premium burden on farmers and ensure early settlement of crop assurance claims for the full insured sum.

Interest Subvention

  • The interest subvention scheme for farmers aims at providing short term credit to farmers at subsidised interest rate. 

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