The Indian government has introduced a suite of agriculture development schemes. We will look into a few of them in this post.
Pradhan Mantri Krishi Sinchai Yojana (PMKSY)
This scheme is aimed at increasing irrigation coverage by ensuring optimum usage of available water. The solutions offered include creating water source, distribution and management of water, field application and other activities to promote effective water usage.
Paramparagat Krishi Vikas Yojana (PKVY)
This scheme aims at developing organic farming in India by creating 10,000 clusters and bringing in more than 5 lakh acres into agricultural farming area. A cluster can have 50 farmers who want to take up organic farming under this scheme. The government will provide INR 20,000 per acre for three years.
Pradhan Mantri Fasal Bima Yojana (PMFBY)
This crop insurance scheme aims to provide financial support to farmers who may loose harvest because of natural calamities, plant diseases or plant pests.
Gramin Bhandaran Yojna
This government scheme focuses on creating standard storage facilities in the rural areas so that crop produce is stored without any loss of quality. It also helps prevent distress sale just after harvest, which could lead to financial loss for the farmer.
Micro Irrigation Fund (MIF)
This scheme’s mission is to boost agriculture by bringing in more agriculture land under micro-irrigation system. This Rs. 5000 crore fund is set up with NABARD with Rs. 2000 crore for 2018-19 and Rs. 3000 crore for 2019-20. Farmers who avail this loan will have up to 7 years (plus 2 years grace period) to repay the loan.
It is essential to revive agriculture in the country as it is more than the backbone of the nation. The entire population of the country depends on the farmers in order to survive. So, it is vital to offer the best possible support to the farmers and these schemes are just a start.