India is called an agricultural country, and this is the reason why our government runs many great schemes to strengthen the economic condition of farmers. These schemes not only work to promote the agricultural sector, but also provide financial assistance, as well as security and modern technology facilities to the farmers. Let us know which schemes of the government are giving tremendous money and facilities to the farmers.
Pradhan Mantri Kisan Samman Nidhi
This scheme has been started to provide direct financial assistance to small and marginal farmers. Through this scheme, an amount of Rs 6000 is given to the farmers every year in three installments (Rs 2000 every four months). This amount is transferred directly to the bank account of the farmers. Its main objective is to reduce the agricultural cost of farmers and make them financially empowered. This scheme helps farmers to make the necessary investments for farming.
Pradhan Mantri Fasal Bima Yojana
This scheme provides insurance coverage to farmers in case of crop failure. This scheme is very beneficial for compensating crop damage due to pests or disease, natural disasters, or any other loss. Farmers get an insurance facility at a nominal premium, which reduces the risks associated with the crop. It protects farmers from uncertainties.
Agriculture Infrastructure Fund
Agriculture Infrastructure Fund (AIF) is a great scheme being run in the interest of farmers, through which they get loans at cheap rates. The objective of this scheme is to provide financial assistance for post-harvest management infrastructure and community farming assets. Under this, loans are available to buy or build cold storage, warehouses, packaging units, and other agricultural equipment. With this, farmers can easily get loans, which improves the storage and distribution of agricultural produce.
Soil Health Card Scheme
This scheme is very popular among farmers and is considered a revolutionary initiative. Through this, farmers get accurate information about the fertility, soil quality, and nutrient deficiency of their land. From a scientific point of view, this scheme is said to be very strong because it helps farmers to use fertilizers according to the needs of their soil, which increases production and reduces costs.
Kisan Credit Card Scheme
This scheme is considered very important for farmers. To meet all the needs of farmers related to farming, loans are available as per the requirement at low interest rates. By taking advantage of the Kisan Credit Card (KCC), they can buy essential items like pesticides, fertilizers, farmer seeds, and means of irrigation. It provides easy funds to farmers for seasonal needs.
Pradhan Mantri Kisan Maandhan Yojana
The objective of this scheme is to provide social security to the most vulnerable farmer families. Under this, farmers aged between 18 and 40 years can get a pension of Rs 3000 every month after the age of 60 years. They have to contribute Rs 55 to Rs 200 every month. This scheme provides a stable income to farmers in old age, so that they do not have to depend on anyone.