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Cultivating Prosperity: An Overview of India's Agricultural Initiatives

The Government implements a range of initiatives to enhance agricultural productivity, provide income support, and ensure the welfare of farmers.

Shivam Dwivedi
Cultivating Prosperity: An Overview of India's Agricultural Initiatives (Photo Source: Pexels)
Cultivating Prosperity: An Overview of India's Agricultural Initiatives (Photo Source: Pexels)

The Indian government has been actively implementing several initiatives and programs in an attempt to improve the country's farming sector and farmers' standard of living. These programs are designed to increase yield, guarantee profitable returns, and give farmers financial assistance. Let's explore these efforts' specifics:

1. National Food Security Mission (NFSM)

The National Food Security Mission (NFSM) targets the augmentation of rice, wheat, and pulses production through a multifaceted approach. This includes expanding cultivation areas, enhancing productivity, restoring soil fertility, and bolstering the economic well-being of farmers at the grassroots level.

2. Rashtriya Krishi Vikas Yojana (RKVY)

The Rashtriya Krishi Vikas Yojana (RKVY) is a comprehensive scheme designed to transform farming into a profitable venture by empowering farmers and mitigating risks. It emphasizes bolstering pre and post-harvest infrastructure, with sub-components like Per Drop More Crop, Agriculture Mechanization, Soil Health Improvement, and Crop Diversification.

3. National Mission on Edible Oil-Oil Palm (NMEO-OP)

The National Mission on Edible Oil-Oil Palm (NMEO-OP) is aimed at promoting oil palm cultivation to achieve self-sufficiency in edible oils, particularly focusing on regions like the North-Eastern States and A&N Islands. The mission aims to expand oil palm plantations by 6.5 lakh hectares in the next five years, thereby reducing dependence on imports.

4. Pradhan Mantri Kisan Samman Nidhi (PM KISAN)

The Pradhan Mantri Kisan Samman Nidhi (PM KISAN) scheme provides financial assistance to landholding farmer families nationwide. Under this scheme, eligible farmers receive Rs. 6000 annually in three installments directly into their bank accounts. The scheme has already disbursed benefits worth Rs 2.81 lakh crore to over 11 crore farmers.

5. Pradhan Mantri Fasal Bima Yojana (PMFBY)

Launched in 2016, the Pradhan Mantri Fasal Bima Yojana (PMFBY) offers crop insurance coverage against natural risks throughout the crop cycle. In the fiscal year 2022-23, the scheme enrolled 1174.7 lakh farmer applications, with funds amounting to Rs. 15500 crores allocated for its implementation.

6. Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY)

The Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY) provides social security to vulnerable farmer families by offering a contributory pension scheme. Currently, 23.38 lakh farmers are enrolled in the scheme, ensuring financial stability for small and marginal farmers.

7. Institutional Credit and Kisan Credit Cards (KCC)

Efforts to enhance institutional credit for the agriculture sector have resulted in increased accessibility, with a focus on extending concessional credit through Kisan Credit Cards (KCC). As of January 5, 2024, 465.42 lakh new KCC applications have been sanctioned, totaling a credit limit of Rs. 5,69,974 crore.

8. Agricultural Mechanization and Infrastructure Development

A significant allocation of funds has been directed towards agricultural mechanization, with subsidies facilitating the distribution of over 15 lakh machines and equipment to farmers. Additionally, the Agriculture Infrastructure Fund (AIF) with a corpus of one lakh crore aims to improve post-harvest management and community farming assets.

9. Formation and Promotion of FPOs

The Government's scheme for the Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs) aims to empower farmers through collective action. As of December 31, 2023, 7,774 FPOs have been registered, with equity grants and credit guarantee cover provided to eligible entities.

10. Namo Drone Didi

A newly approved scheme, Namo Drone Didi, focuses on providing drones to Women Self Help Groups (SHGs) to offer rental services to farmers for agricultural purposes. With an outlay of Rs. 1261 crores, the scheme aims to enhance efficiency and productivity in farming practices.

11. Agricultural Technology Management Agency (ATMA)

The Agricultural Technology Management Agency (ATMA) promotes the dissemination of modern agricultural technologies and practices to farmers across the country. Since its inception, the scheme has facilitated the release of Rs. 5189.08 crore for extension activities, benefiting over 3.66 crore farmers.

These initiatives underscore the Government's commitment to revitalizing the agricultural sector, fostering sustainability, and ensuring the welfare of farmers across India.

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