Key Points
The government implements an interest subvention scheme for short-term crop loans and provides income support to farmers through the PM-KISAN scheme..
The Modi government has enhanced the institutional credit into the agriculture sector sharply in the last 10 years, with banks disbursing Rs 20.39 lakh crores during the April-January period of this fiscal as against Rs 7.3 lakh crore in the entire 2013-14, according to a senior official..
To ensure the availability of agriculture credit at a reduced interest rate of 7 per cent per annum to the farmers, the Union Agriculture Ministry implements an interest subvention scheme for short-term crop loans up to Rs 3 lakh...
"Since 2018, Rs 2.81 lakh crores have been transferred through Direct Benefit Transfer (DBT) to more than 11 crores beneficiaries (farmers) through various installments," the official said.. Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a central sector scheme to provide income support to all landholding farmers' families in the country to supplement their financial needs for procuring various inputs related to agriculture and allied activities as well as domestic needs...
On Wednesday while briefing about the Cabinet decisions, Union Information and Broadcasting Anurag Singh Thakur highlighted that the Modi government has spent Rs 18.39 lakh crore on the procurement of paddy, wheat, pulses, and oilseeds from farmers at MSP during the last 10 years...
You might be interested in
Farmers should not restrict themselves only to rice and wheat: PM Modi
24, Feb, 23PM Narendra Modi on Friday said farmers should not restrict themselves only to cultivation of rice and wheat.
Centre spending Rs 6.5 lakh crore annually on agriculture, farmers' welfare, says PM Modi
01, Jul, 23In the last 9 years, the PM said more than Rs 15 lakh crore have been given to farmers by procuring their produce on the MSP. The government, he said spent Rs 10 lakh crore towards fertilizer subsidy last year.
MSP guarantee would leave very little money for other development & social goals: Govt officials
14, Feb, 24Union Agriculture Minister Arjun Munda urges protesting farmer groups to engage in structured discussions with the government regarding the implementation of a law guaranteeing Minimum Support Price (MSP) on crops. He emphasizes the importance of consulting all stakeholders before rushing into legislation.
Uttar Pradesh government waives farmers’ power bills for private tube wells
05, Mar, 24According to Sharma, on average, 8 to 10 farmers benefit from one tube well in terms of irrigating their fields, thus the total number of beneficiaries of the scheme will reach about 1.5 crore in Uttar Pradesh.
This is ‘Modi’s guarantee’, not just promise: PM takes veiled dig at Congress
01, Jul, 23The government is giving Rs 6.5 lakh crore to the agriculture sector every year with each farmer getting a benefit of Rs 50,000 annually in one form or the other, Prime Minister Narendra Modi said on Saturday while asserting it’s “Modi’s guarantee” and not just a promise.
Agriculture in Interim Budget 2024—oil seed farmers get a boost but FPOs lose steam
02, Feb, 24Nirmala Sitharaman’s speech outlined the success of the Modi government & reiterated its focus on four ‘castes’: women, poor, farmers and youth. But there were no big announcements.
Centre's FY25 interest outgo may rise 11 to 12% from ongoing FY24
02, Jan, 24Interest pay-out of the government in the next financial year is expected to climb 11-12% from the ongoing fiscal 2024. The interest pay-out for FY24 is projected to be Rs 10.80 lakh crore. In the pre-Covid FY20, interest payment at Rs 6.12 lakh crore had accounted for 22.8% of the total expenditure.
Farmers get nearly Rs 18 lakh crore as MSP for wheat, paddy crops in last 10 years: President Murmu
31, Jan, 24In her first address to a joint sitting of the two Houses in the new Parliament building, Murmu said, My government is laying stress on making farming more profitable. Our aim is to reduce the cost of farming while increasing profits. For the first time, Murmu said, the government has given priority to over 10 crore small farmers in the agricultural policy and schemes.
PM to release Rs 20,000 cr for farmers, felicitate 'Krishi Sakhis' in Varanasi visit on June 18
15, Jun, 24PM Modi to visit Varanasi on June 18 to release 17th installment of PM-KISAN scheme worth over Rs 20,000 crore for 9.26 crore farmers. He will also honor over 30,000 Self Help Group members trained as 'Krishi Sakhis'.