Agriculture is one of the most important sectors of the Indian Economy. It provides livelihood to more than half of the Indian population. According to reports, when India faced a depression during the year 2020-2021, agriculture sector was the only one to be seem booming. Therefore, it is necessary for public sector to provide support for a sustainable growth.
There are 11 most important schemes in agriculture sector by the government.
- National Mission for Sustainable Growth (NMSA)
- Pradhan Mantri Fasal Bima Yojna (PMFBY)
- Pradhan mantri Krishi Sinchai Yojana (PMKSY)
- Paramparagat Krishi Vikas Yojana (PKVY)
- Micro Irrigation Fund Scheme
- Mission Organic Value Chain Development for North Eastern Region (MOVCDNER)
- Kisan Credit Card (KCC)
- Soil Health Card
- PM Kisan Samman Nidhi Yojana
- PM Kusum
PRADHAN MANTRI KISAN MAAN DHAN YOJANA(PM-KMY)
This scheme is started to provide security to landholdings small and marginal farmers of India. Under this Yojana a fixed pension of Rs. 3000 will be given to all eligible small and also marginal farmers. The eligible farmers have to give Rs. 55 to Rs. 200 per month in the pension fund until the age of 60 years. The central government also contributes equally.
PRADHAN MANTRI KISAN URJA SURAKSHA(PM KUSUM)
This scheme is aimed at ensuring security to farmers in India. PM Kusum Scheme was launched in 2019 in three components.
- Component A: Setting up of ten thousand MW of decentralized ground/stilt mounted grid connected solar or other renewable energy based power plants.
- Component B: Installation of 17.50 Lakhs standalone solar powered agriculture pumps of individual pump capacity up to 7.5HP
- Component C: Solarisation of 10 Lakh grid connected agriculture pumps of individual pump capacity up to 7.5HP
PRADHAN MANTRI FASAL BIMA YOJANA(PMFBY)
This scheme aims at integrating multiple stakeholders on a single platform. Its main objectives are:
- Ensuring flow of credit to agricultural sector
- Stabilizing income of farmers
- Encouraging farmers to adapt to new modern technicalities in farming
KISSAN CREDIT CARD(KCC)
Central Government launched the Kisan Credit Card Scheme in 1998. The government provides credit to farmers at 4 percent per annum. It helps to meet short term credits for cultivation of crops. All farmers, tenant farmers, oral lessees, sharecroppers are eligible to apply for Kisan Credit Card.
PRADHAN MANTRI KRISHI SINCHAI YOJANA(PMKSY)
Pradhan Mantri Krishi Sinchai Yojana was established to extend the coverage of Irrigation and to improve water use efficiency. This scheme is focused efficiently on its slogan ” Har Khet Ko Pani “. It also provides hand in field application and extension activities.
Sakshi Luhariwala is an undergraduate student of Economics who’s passionate about writing poetry, badminton and researching about new topics.