Many people all over the globe rely on agriculture for food as well as for earning a living. To encourage farmers, the government Internet has offered support in the form of schemes or subsidies. These measures aim to increase productivity, enhance financial aid, and promote sustainability amongst farmers. In this article, we will discuss some of the most crucial government schemes for farmers, such as government subsidy schemes for farmers and other schemes that benefit the farming community.
The Significance of Government Schemes For Farmers
To address a multitude of areas from crop productivity to insurance policies, a helping hand needs to be offered to farmers to streamline farming activities. Farming is yet another difficult profession depending on an endless number of issues from the quality of soil to water availability, change of seasons, market boom or bust, etc. To aid farmers make the most of their activities and improve their livelihood, paying lesser weight to their day to day activities, government solves it all by handing in a solution in form of support schemes. These policies focus on primary components such as:
- Financing
- Insurance subsidy for crops
- Loans
- Availability of such programs aimed at promoting sustainable farming
- Access to the market
- Development of infrastructure
Taking these Government schemes for Farmers into account will help farmers receive the aid needed to sustain their day to day agricultural operations and aid in strengthening the economy.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme
General overview:
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a central sector scheme of the Government aimed to help small and marginal farmers in India by providing direct income support. This program makes certain that farmers have sufficient money to take care of their agricultural activities and even personal expenses.
Features:
- Farmers with land are able to take advantage of the program. Resources received under the scheme are intended to help 2 small and marginal farmers for every family. A family of two is recognized at the extreme end of the poverty line.
- The PM-KISAN scheme is financially supporting farmers who are paying monetary assistance of 2000 thousand rupees each quarter, which means a total amount every year of about 6000 rupees is given to roughly a large located farmer.
- The scheme’s objective is to enhance the financial condition of farmers residing in these agricultural lands in 1 Indian nation as whole and in India as a region at a worldwide platform.
Benefits:
- Farmers are ensured to buy seeds, fertilizers, and other essential materials required unlike farmers.
- The program has reduced the association with informal funding methods which signifies that the method does not follow standard regulation or manipulation or involves the usage of them in a complex setting.
- The positive feature of this scheme is to guarantee income planned of money needed lower than 1st 4 and 5th to supporting without essence turns between an this form of scheme.
Pradhan Mantri Fasal Bima Yojana (PMFBY)
Overview:
The “PMFBY” encompasses the widest features of expenditure within one kind aim of include within it one crop insurance scheme focusing on the appropriate materials while sustaining the Indian agriculture that focuses on different breeds of plants and helping sustain them and is meant to assist and ease growing them whenever faced with inadequate or excessive rainfall, droughts, attacking crops with pests or heavy rainfall not meeting the favorites.
Features:
- Diverse investment strategy provides an opportunity to farmers in the region with small commercial crops paying small amounts; 2% for Kharif, 1.5% for with Rabi and a larger percentage of 5% for garden seasonal/selling the crops.
- To alleviate farmers’ expenses, the government pays the remaining insurance premium.
- Insurance coverage is given for pre-sowing, post-harvest losses, and localised disasters.
Benefits includes:
- Security for unpredictable weather’s financial risk is shifted
- Encourages farmers to invest in high yielding variety of crops
- Debt from crop failure is prevented.
Kisan Credit Card (KCC)
Overview:
To enable farmers to easily obtain credit for agricultural and related activities, the Kisan Credit Card (KCC) scheme was devised. This initiative ensures that farmers do not have to depend on money lenders for high interest loans.
Features:
- Credit is available at a very low interest charge making it cheap for farmers.
- Loans are available for purchase of seeds, fertilizers, machinery, and irrigation.
- Insurance cover for card holders is extended to Rs 50,000.
- The loan repayment period is flexible for farmers as it is synchronised with the crop cycle.
Benefits
- Assistance is provided to enable farmers to close short term credit gaps.
- Reduction of interest rates encourages timely repayment of loans.
- Less reliance on informal lending sources is observed.
Paramparagat Krishi Vikas Yojana (PKVY)
Overview:
Paramparagat Krishi Vikas Yojana (PKVY) attempts to decrease the level of inorganic fertilizer and pesticide usage among Indian farmers by promoting organic farming. It encourages the use of bio-fertilizers and sustainable agricultural practices.
Features:
- A financial support scheme to assist farmers in adopting organic farming methods.
- Supports cluster based organic farming with a minimum of 50 farmers in each cluster.
- Supports the certification and selling of organic produce.
Benefits:
- Mitigates the negative impacts of chemical cultivation.
- Increases the soil fertility and productivity in the long run.
- Allows farmers access to high end markets for organic products.
Soil Health Card Scheme
Overview:
The introduction of the Soil Health Card Scheme was formulated to help farmers understand their soil nutrient supply and use fertilizers judiciously. This ensures proper health management of soil for better crop yield and sustainability.
Features:
- Farmers receive soil health reports bi-annually.
- Makes recommendations to enhance soil fertility.
- Incorporates all soil types and cropping conditions.
Benefits:
- Promote the economical use of fertilizers thus saving expenditure for farmers.
- Enhance soil and crop productivity.
- Promote environmental sustainability through reduction of chemicals.
National Agriculture Market (e-NAM)
Overview:
A digital marketplace aimed at linking farmers from across the country and guaranteeing reasonable rates for their resources is the National Agriculture Market or better known as e-NAM.
Features:
- Farmers are able to trade their goods without the influence of middlemen.
- Enables market pricing devoid of artificial limitations by allowing real time selling based on supply and demand.
- Covers multiple trades like wheat, pulses, and other vegetable horticultural crops.
Advantages:
- Increases farmer’s profitability through reduced cuts from middlemen.
- Offers farmers market opportunities outside of local mandis.
- Promotes online payments which guarantees rapid remittances.
PM Krishi Sinchayee Yojana (PMKSY)
Overview:
Pradhan Mantri Krishi Sinchayee Yojana aims at irrigation facilities with the purpose of “Har Khet Ko Pani” – which translates to Water for Every Field.
Features:
- Encourages use of modernized micro irrigation systems like drip and sprinkler irrigation.
- Encourages water use efficiency in farming.
- Assists farmers in building irrigation facilities.
Benefits
- Ratios of water used over water wasted is maximized.
- Water shortages no longer hamper farm productivity.
- Less reliance on flooding seasons of monsoon.
Pradhan Mantri Kisan Maandhan Yojana (PM-KMY)
Overview
The Pradhan Mantri Kisan Maandhan Yojana offers small and marginal farmers’ pensions with an aimed secure life after retirement through PM-KMY.
Features:
- Farmers aged between 18 to 40 can register for the plan.
- Monthly pension of INR 3000 is extended to people over 60 years of age.
- Mandatory small monthly contribution is required and paid back by the government.
- In the event of the member’s death, the surviving partner gains the right to half of the pension amount.
Benefits
- Provides a means of subsistence awaiting the future for farmers during their old age.
- Promotes sustained planning for finance and long term security.
- Aids in the reduction of financial support from family members after retirement.
Conclusion
Governments have a major constituency in the support of agriculture by planting different government schemes for farmers. These government subsidy schemes for farmers are aimed to enhance productivity, financial stability and foster sustainable agriculture. With the use of these govt schemes for agriculture, farmers are able to face these difficulties and develop a more strong agricultural economy. Farmers are encouraged to understand these schemes and utilize them in a way that fosters and assures a farming and agricultural economy free from poverty and despair.
These changes, with proper education and discussion, will change the way farmers do agriculture and their economic condition which will, in turn, change the economy. Farmers should use these schemes to improve their agriculture to be more ecologically, economically sustainable, and withstand environmental disasters as well as market fluctuations.