Central Govt Schemes: Farmers are known as the backbone of India. Any government that comes here will give priority to the farmers. Farmers depend heavily on this sector as most of the land in the country is covered by agriculture. However, in case of loss of farmers, the necessary food items will not reach the market. This causes food shortages and prices rise. Therefore, governments introduce various schemes for the welfare of farmers. The current government has introduced wonderful schemes for farmers. Going into details about them…
This scheme called PM Kisan Samman Yojana provides investment assistance to farmers. 6000 will be given for a year. These are added to farmers' bank accounts at the rate of Rs.2000 each crop. Many farmers do not receive money on time during investment. With this they take loans and plant crops. If the crop fails, they cannot pay the interest on the debts. Keeping this in mind, this scheme is being implemented for farmers across the country under investment assistance. 107 million people have benefited from this scheme till December 2023.
Pradhan Mantri Pasal Bima Yojana is another scheme offered to farmers by the central government. Farmers work hard and plant crops with great hope. But due to natural calamities, the crops are severely damaged. Also crops are damaged due to pests and other reasons. This scheme helps the farmers to be with them during such times. But if the name is registered in it first, compensation will be paid in case of loss in that year. Some states are implementing it.
Special credit cards are offered for farmers. This is known as Kisan Credit Card. It was started in 1998. Farmers can purchase fertilizer and seeds through Kisan Credit Card for their agricultural expenses. Through this, cash assistance is provided without interest for a period of a few days. Apart from expenses, farmers can also take loans through credit card. 4 percent interest subsidy is provided on these.
