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More than Rs. 2.24 lakh crore released to more than Rs. 11 crore farmers below PM-KISAN

The Minister of Agriculture and Farmers Welfare, Shri Narendra Singh Tomar, in a written reply to a query within the Lok Sabha acknowledged that “The efforts of the Government to double the income of farmers have yielded very positive results. In this regard, the Government constituted an Intermenstrual Committee in April 2016 to examine issues relating to the “Doubling of Farmer’s Income (DFI)” and really useful methods to attain the identical. The Committee submitted its remaining report back to the Government in September 2018 containing the technique for doubling farmers’ income via varied insurance policies, reforms and programs. As per the technique, Government has adopted and carried out several insurance policies, reforms, developmental programs and schemes for reaching increased incomes for the farmers instantly or not directly.”

1. Unprecedented enhancement in budget allocation

In the year 2013-14 the budget allocation of the Ministry of Agriculture (together with DARE) and Ministry of Fisheries, Animal Husbandry & Dairying was solely 30223.88 crore. This has increased by greater than 4.35 occasions to Rs. 1,31,612.41 crore in 2023-24.

2. Income support to farmers through PM KISAN

Launch of PM-KISAN in 2019 -an income assist scheme offering Rs. 6000 per yr. in 3 equal instalments. More than Rs. 2.24 lakh crore has been launched up to now to greater than 11 crore farmers as of now

3. Pradhan Mantri Fasal Bima Yojana (PMFBY)

Six yr. – PMFBY was launched in 2016 addressing issues of high premium charges for farmers and discounts in sum insured on account of capping. In the previous 6 Years of implementation – 37.66 crore farmer purposes have been enrolled and over 12.38 crore (Provisional) farmer candidates have obtained claims. During this era, almost Rs. 25,174 crores had been paid by farmers as their share of premium in opposition to which claims of over Rs. 1,30,185 crore (Provisional) have been paid to them. Thus, for every 100 rupees of premium paid by farmers, they’ve obtained about Rs. 517 as claims.

4. Institutional credit score for the agriculture sector

i. Increased from Rs. 7.3 lakh crore in 2013-14 to succeed in Rs. 18.5 lakh crore in 2022-23.

ii. Benefit of concessional institutional credit score via KCC at 4% interest every year has additionally now been prolonged to Animal Husbandry and Fisheries farmers for assembly of their short-term working capital wants.

iii. A particular drive has been undertaken since February 2020 to offer concessional institutional credit scores with a concentration on overlaying all PM-KISAN beneficiaries via Kisan Credit Cards (KCC). As of 30.12.2022, 389.33 lacks new KCC applications and has been sanctioned with a sanctioned credit score restriction of Rs. 4,51,672 crores as a part of the drive.

5. Fixing of Minimum Support Price (MSP) at one-and-a-half times the price of production –

i. Government has elevated the MSP for all mandated Kharif, Rabi and different industrial crops with a return of no less than 50 per cent overall India-weighted common price of manufacturing from 2018-19.

ii. MSP for Paddy (common) has increased to Rs. 2040 per quintal in 2022-23 from Rs. 1310 per quintal in 2013-14.

iii. MSP for Wheat elevated from Rs. 1400 per quintal in 2013-14 to Rs. 2125 per quintal in 2022-23.

6. Promotion of natural farming within the nation

i. Parampara Gat Krishi Vikas Yojana (PKVY) was initiated in 2015-16 to advertise natural farming within the nation. 32,384 clusters have been shaped and space of 6.53 lakh hectares has been covered benefitting 16.19 lakh farmers. In addition, Under the Namami Gange Programmed, 1.23 lakh hectares of space are covered and below pure farming, 4.09 lakh hectares of space are covered. Farmers in Uttar Pradesh, Uttarakhand, Bihar and Jharkhand have taken-up natural farming on both aspects of the river Ganga to manage river water air pollution as well as to fetch extra income for farmers.

ii. Government additionally proposes to advertise sustainable pure farming methods via the scheme Bhartiya Prakriti Krishi Pahadi (BPKP). The proposed scheme’s goals at chopping down the price of cultivation, enhancing farmers’ income and guaranteeing useful resource conservation and, secure and healthy soils, surroundings and meals.

iii. Mission Organic Value Chain Development in Northeast Region (MOVCDNER) has been launched. 379 Farmer Producer Companies have been shaped comprising 1,89,039 farmers and overlaying 1,72,966 hectares of space.