Best Government Schemes for Farmers

During the 1950s, about 60% of the population banked on agriculture as their primary source of income. Many numerous schemes and programs have been introduced to revive the agriculture sector and boost the farmers ‘economic conditions.

Indian ministry introduces schemes and programs so that farmers can take full advantage of saving their land.

So, In this article, we will be focusing on the Government schemes for farmers provided by the Government of India.

Important Government schemes for Farmers

Here are the most important Government schemes for farmers which are given below:

1. Pradhan Mantri Kisan Maandhan yojana

Pradhan Mantri Kisan Maandhan yojana provides an old-age pension scheme for all small landholding and marginal farmers in the country. Under this pension scheme, about 5 crore of neglected farmers will earn a minimum Rs 3000/month pension on reaching 60 years of age. All those who falls into the 18-40 year age group would be eligible for the scheme. Under this scheme, farmers will be expected, based on their age of admission, to make a pension contribution of Rs 55 to 200 in the Monthly Fund until they meet the 60-year retirement date. For the farmers, the Government would make an equal payment in the pension fund of the same amount.

2. Pradhan Mantri Fasal Bima Yojana (PMFBY)

The Pradhan Mantri Fasal Bima Yojana began in 2016 and replaced all of India’s existing yield insurance schemes. Pradhan Mantri Fasal Bima Yojana is an actuarial premium scheme in which farmers are expected to pay a utmost premium of 2% for Kharif, 1.5% for Rabi food & crops of oilseed and 5% for yearly commercial or agricultural crops, and the remaining portion of the actuarial or bid premium is shared equally by the Central & State Government. An significant objective of the scheme is to enable rapid settlements of claims. The claims should be resolved within 2 months of crop, subject to timely provision by State Government for both production data and share of premium subsidy. The scheme aims to increase the penetration of crop insurance in India through increased farmer’s awareness and low farmers’ premium rates.

3. Soil health card schemes

In 2015 the soil health card scheme was introduced to help state governments to issue soil health cards to Indian farmers. The Soil Health Cards provide informations to farmers on their soil’s nutrient status, along with suggestions on suitable nutrient dosage to be applied to boost soil fertility and health.

4. Pradhan Mantri Krishi Sinchai Yojana

Pradhan Mantri Krishi Sinchai Yojana is a national project to increase agricultural productivity and to make better use of the country’s capital. On 1 July 2015, Pradhan Mantri Krishi Sinchai Yojana was introduced. The scheme was approved for a term of 5 years with an outlay of 50000 crores.

5. National Agriculture Market

National Market for Agriculture or eNAM is India’s online trading platform for agricultural commodities. This modern method of marketing revolutionizes agricultural markets by ensuring better discovery of price. It also brings visibility and competitiveness in order to allow farmers to obtain better compensation for their goods moving towards ‘One Nation One Market.’

6. Paramparagat Krishi Vikas Yojana

Paramparagat Krishi Vikas Yojana is introduced with the goal of promoting organic harvesting in India. To increase soil health as well as the value of organic material, and to improve the farmer’s net income in order to achieve premium prices. Under Paramparagat Krishi Vikas Yojana, from 2015-16 to 2017-18, a region of 5 lakh acres is expected to cover 10,000 groups of 50 acres each.

7. Dairy Entrepreneurship Development Scheme

In the year 2005-06 the Department of Animal Husbandry, Dairying & Fisheries (DAHD&F) introduced a pilot scheme named “Venture Capital Scheme for Dairy & Poultry. Some suggestions were made during a mid-term review of the scheme to speed up the scheme’s implementation pace. The main of the program was to expand help for the establishment of small dairy farms and other components to introduce systemic improvements to the dairy industry.

8. Rainfed Area Development Programme

The Department of Agriculture Cooperation and Farmers Welfare launched the “Rainfed Area Development Plan (RADP)” in 2011-12 to ensure agricultural growth in the rainfed areas. The objective was to improve the quality of life, especially for small and marginal farmers, by providing a complete package of activities to optimize farm yields. The program also aims to improve income & livelihood support for farmers in Rainfed areas to reduce poverty.

9. National Mission for Sustainable Agriculture

The National Mission for Sustainable Agriculture (NMSA) has been formulated to boost agricultural productivity, especially in rainfed areas with a focus on integrated farming, water quality, soil health management, and resource conservation collaboration. It helps to promoting sustainable agriculture through climate change adaptation steps, boosting agricultural productivity, especially in areas of Rainfed focusing on integrated agriculture, soil health management & energization.

10. Livestock insurance Scheme

The Livestock Insurance Scheme aims to provide farmers as well as cattle rearers with defense measures against any potential animal loss due to death. The scheme also informs dairy farmers about the benefits of animal insurance and popularizes it with the ultimate objective of making qualitative changes in livestock and their goods.