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GS Analyst: Daily Current Affairs

11th June 2024 (13 Topics)
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Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme

Prime Minister Narendra Modi has approved the disbursal of the 17th installment of PM-Kisan Nidhi, benefiting approximately 9.3 crore farmers with an estimated distribution of around Rs 20,000 crore.

Overview of PM-KISAN Scheme:

  • Started in: 2019
  • Objective: to provide income support to all landholder farmer families across India.
  • Under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme, eligible farmer families receive a financial benefit of Rs. 6,000 per year, provided in three installments of Rs. 2,000 each.
  • Implemented as a Central Sector Scheme, PM-KISAN receives 100% financial support from the Central government.
  • The financial assistance is directly transferred to the beneficiaries' bank accounts.
  • Implemented by: Ministry of Agriculture and Farmers Welfare
  • PM-KISAN Mobile App: Developed and designed by the National Informatics Centre in collaboration with the Ministry of Electronics and Information Technology

Major schemes in Agriculture

Central Sector Schemes

Pradhan Mantri Kisan MaanDhan Yojana (PM-KMY)
  • Launched: 2019
  • Aim: providing security to vulnerable farmer families.
  • It operates as a contributory scheme, where small and marginal farmers (SMFs) can opt to become members by paying monthly subscriptions to the Pension Fund, with matching contributions from the Central Government.
  • Life Insurance Corporation (LIC) serves as the pension fund manager for PMKMY.

Pradhan Mantri Fasal Bima Yojana (PMFBY)
  • Launched in: 2016
  • Objective: To provide a straightforward and cost-effective crop insurance solution.
  • Coverage and Purpose: The scheme aims to offer comprehensive risk protection for crops, safeguarding farmers against all non-preventable natural risks from pre-sowing to post-harvest stages.

Agriculture Infrastructure Fund (AIF)
  • It was launched as part of the Aatmanirbhar Bharat Package.
  • Objective: to address existing infrastructure gaps and stimulate investment in agricultural infrastructure.
  • Project Eligibility and Benefits:
  • Each entity can avail the scheme's benefits for up to 25 projects located in different LGD codes.
  • Eligible beneficiaries include a wide range of stakeholders such as farmers, agri-entrepreneurs, start-ups, cooperative societies, self-help groups, joint liability groups, and various other entities involved in agriculture and related activities.

National beekeeping        and Honey         Mission (NBHM)
  • Launched in: 2020 under Atma Nirbhar Bharat Abhiyan
  • Objective: overall promotion and development of scientific beekeeping & to achieve the goal of “Sweet Revolution”.

Modified Interest Subvention Scheme (MISS)
  • ISS offers concessional short-term agricultural loans to farmers engaged in crop husbandry and allied activities such as animal husbandry, dairying, and fisheries.

Centrally Sponsored Schemes

  • Rastriya Krishi Vikas Yojana Detailed Project Report based schemes (RKVY- DPR)
  • Soil Health Card (SHC)
  • Rainfed Area Development (RAD)
  • Per Drop More Crop (PDMC)
  • Micro Irrigation Fund (MIF)
  • Paramparagat Krishi Vikas Yojana (PKVY)
  • Sub-Mission on Agriculture Mechanization (SMAM)
  • Agro-forestry
  • National Food Security Mission (NFSM)
  • Mission for Integrated Development of Horticulture (MIDH)
  • National Bamboo Mission (NBM)
  • Digital Agriculture

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