Agriculture is one of the essential sectors of any country’s economy. Likewise, a huge part of the Indian economy is dependent upon agriculture. It is the backbone of the country’s rural economy while providing food security.
Agriculture was the only sector that emerged as a silver lining for India’s economic with a gain of over 3.4%. Indian economy posted a negative 23.9% growth in the Indian economy in first quarter of FY 2020-21. Also, it makes agriculture the most important industry in the country. In the agriculture sector, the Government plays a major role by providing support and help to the farmers. Therefore, farmer’s welfare is the topmost priority for the Indian Government.
Importance of Government Agriculture Scheme
Also, The government had set a target of doubling the income of farmers by the year 2022. For this, the different state and central govt schemes for farmers launch from time to time. These government schemes for farmers help to overcome bad conditions of farming. These all schemes also improve the economic conditions of farmers. And because of these schemes, farmers are emerging and solving the problems. Also, all the agriculture projects in India are beneficial for farmers. Check out important government schemes in the agriculture sector in this blog.
Top 10 Government Schemes For Farmers In India
Check out this blog, as here in this blog, you can get the top 10 government agriculture schemes. So, if you are a farmer and have missed out by taking advantage of these schemes, read this blog and know about them. Let’s start the blog!
1. PM-Kisan Scheme
The first agriculture scheme on the list is the PM-Kisan Scheme. The scheme is popularly known as Pradhan Mantri Kisan Samman Nidhi Yojana. It is a new scheme for farmers which launched on 1 February 2019 (effective from December 2018) under the Ministry of Agriculture and Farmers Welfare. Also, the scheme provides support to India’s small and marginal farmers who have less than 2 hectares of landholding.
- Privileges of PM-Kisan Scheme
In this scheme, small and marginal farmers with less than 2 hectares of landholdings get Rs. 6,000 per year as minimum income support. Under this scheme, cultivators also get Rs. 6000 in three instalments.
Through this scheme, the Government wants to complete the financial needs of small and marginal farmers. And also want to ensure proper crop health and good yield.
For more details, check www.pmkisan.gov.in/
2. Pradhan Mantri Kisan Maandhan Yojana
The second scheme on the list is Pradhan Mantri Kisan Maandhan yojana. PM Narendra Modi launched the scheme on 11 September 2019 for small and marginal farmers. Also, farmers falling in the age group of 18-40 years can apply for this scheme.
- Privileges of Pradhan Mantri Kisan Maandhan Yojana
Under this scheme, the 5-crore marginal and small farmers get a minimum pension of Rs 30-0 per month on attaining 60 years of age. According to this scheme, farmers have to contribute Rs 55 to 200 every month until their retirement, i.e., until the age of 60. Also, the Government makes an equal contribution to the pension fund for the same amount of tenants.
The scheme provides social security to small and marginal farmers in their old age when they have no means of livelihood or no savings to take care of their expenses.
For more details, click www.pmkmy.gov.in/
3. Pradhan Mantri Fasal Bima Yojana (PMFBY)
The third scheme listed on the list is Pradhan Mantri Fasal Bima Yojana (PMFBY). 18 February 2016 was the day when Prime Minister Shri Narendra Modi launched this profitable scheme. It is an actuarial premium based scheme for farmers. 21-states implemented this scheme in Kharif 2016, while 23 states and 2-union territories implemented this scheme in Rabi 2016-17.
- Privileges Of Pradhan Mantri Fasal Bima Yojana (PMFBY)
Under this scheme, farmers must pay a maximum premium of 2% for Kharif, 1.5% for Rabi food & oilseed crops and 5% for annual commercial or horticultural crops. The remaining part of the actuarial premium is equally shared by the Central & State Government.
The primary purpose of PMFBY is to facilitate quick claims settlement. In addition, the objective is to compensate farmers for the damage caused by floods, storms, hailstorms and heavy rains.
Check this link for more details www.pmfby.gov.in/
4. Kisan Credit Card (KCC) Scheme
The fourth scheme on the list is the Kisan Credit Card (KCC) Scheme. The scheme was launched in 1998 to provide short-term formal credit to the farmers. Many banks are available that offer KCC such as SBI, HDFC, ICICI, Axis.
- Privileges Of Kisan Credit Card (KCC) Scheme
Under this scheme, short-term loans are given to farmers to purchase equipment and their other expenses.
KCC was started to ensure that the credit requirements for farmers in the agriculture, fisheries and animal husbandry sectors were being met.
5. Pradhan Mantri Krishi Sinchai Yojana (PMKSY)
The fifth scheme on the list is Pradhan Mantri Krishi Sinchai Yojana (PMKSY). Pradhan Mantri Krishi Sinchai Yojana was launched on 1 July 2015 with the motto of “Har Khet Ko Paani”. This scheme offers an end-to-end solution in the irrigation supply chain like water sources, distribution networks & farm level applications. Thus, the Government of India resolves the high agreement required for water conservation and its administration.
- Privileges of Pradhan Mantri Krishi Sinchai Yojana (PMKSY)
Under this scheme, the country’s farmers get subsidies for the equipment for irrigation of their fields. Also, with this scheme, farmers can earn good money.
The Government’s goal is to spread the water system ‘Har Khet Ko Pani’ and improve water use proficiency. Through this scheme, the Indian Government also has decided to achieve ‘More harvest per drop’ in an engaging way. So, this scheme started to finish arrangements on source creation, field application, distribution, the board and development exercises for farmers.
Check out this link for more details – www.pmksy.gov.in
6. Rajiv Gandhi Kisan Nyay Yojna
The sixth scheme on the list of schemes for agriculture in India is Rajiv Gandhi Kisan Nyay Yojna. The scheme was launched on 21 May 2020 on the former prime minister’s death anniversary by the Chhattisgarh government.
- Privileges Of Rajiv Gandhi Kisan Nyay Yojna
Under this scheme, Rs 1,500 crore was transferred to the accounts of more than 18,000 farmers. It was the first instalment of the Rs 5,750-crore scheme, aimed at benefiting farmers sown in 14 types of crops.
The goal of this scheme is to empower farmers. Also, this scheme ensures minimum income available to the farmers growing one Rabi and 13 Kharif season crops in the state.
Check out this link for more information – https://rgkny.cg.nic.in/homepage
7. National Mission For Sustainable Agriculture (NMSA)
The seventh scheme on the list is National Mission For Sustainable Agriculture (NMSA). This agriculture Yojana started from 2014-15 to make agriculture more productive, sustainable, remunerative and climate-resilient.
- Privileges Of National Mission For Sustainable Agriculture (NMSA)
This Government scheme for farmers is to empower farmers for sustainable agriculture, resulting in high production.
It aims to promote sustainable agriculture through climate change adaptation measures, increase agricultural productivity, integrated farming, especially in rainfed areas. This scheme also focus on soil health management and resource conservation.
Check out this link for more information – https://nmsa.dac.gov.in/
8. Paramparagat Krishi Vikas Yojana (PKVY)
The eighth scheme on the list is Paramparagat Krishi Vikas Yojana (PKVY). The scheme was started in 2015, which is an extended element of Soil Health Management (SHM) under the Centrally Sponsored Scheme (CSS) and National Mission on Sustainable Agriculture (NMSA). The Yojana was started to empower organic cultivation in India.
- Privileges Of Paramparagat Krishi Vikas Yojana (PKVY)
Under Paramparagat Krishi Vikas Yojana, a target of covering 10,000 clusters of 50 acres has been set to cover an area of 5 lakh acres from 2015-16 to 2017-18. This scheme helps the farmers of Rs 50,000 per hectare every three years for organic process, certification, labelling, packaging and transportation in organic production.
Paramparagat Krishi Vikas Yojana (PKVY) aims to boost the farmer’s net income. Also, this Government schemes for farmer aiming to enhance the agriculture sector and trying to resolve the soil and organic farming issues.
Check out more information about scheme on this link – https://pgsindia-ncof.gov.in/PKVY/index.aspx
9. E-NAM (National Agriculture Market)
The ninth scheme on the list is E-NAM (National Agriculture Market). With time agriculture is now electric, and this scheme is an excellent example of it. The scheme launched on 14 April 2016 as a pan-India electronic trading portal. Also, the scheme is fully funded by the central Government and implemented by the Small Farmers Agribusiness Association (SFAC).
- Privileges Of E-NAM (National Agriculture Market)
The main task of the scheme is to connect all the Agri product marketing committees across India into one single network. Also, this new market process is revolutionizing the agricultural markets by guaranteeing better price discovery.
E-NAM aims to create a national e-market platform for transparent sale transactions and price discovery initially in regulated markets.
Check out for more information – https://www.enam.gov.in/web/
10. Pashu Kisan Credit Card Scheme
The last and tenth scheme on the list is the Micro Irrigation Fund scheme. Let’s focus on livestock farming. It is the latest scheme which launched on 21 September 2020 by the Indian Government. Haryana is the first Indian state to provide a Pashu Kisan Credit Card to the farmers.
- Privileges Of Pashu Kisan Credit Card Scheme
Under this scheme, farmers are given loans to buy cows, buffaloes, goats etc. To apply for a Pashu Kisan Credit Card, you have to go to your nearest bank.
This scheme increases the animal husbandry business in the country and helps the farmers earn more.
So, these are the most important and latest agriculture schemes in India. We hope you liked this blog and will be happy with it. This blog provide you information about about top 10 government schemes for farmers in India. For more information about government Agriculture schemes or government subsidy schemes for farmers, agriculture related schemes in India, irrigation schemes in India and many other schemes, stay connected with TractorFirst. Here, you can get information about Modi Government schemes for farmers and agriculture scheme 2021. At TractorFirst, you can also get detailed information about tractors and farm implements.