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The Pradhan Mantri fasal bima yojana (PMFBY) launched on 18 February 2016 by Prime Minister Narendra Modi is an insurance service for farmers for their yields. [1] It was formulated in line with One Nation–One Scheme theme by replacing earlier two schemes Agricultural insurance in India#National Agriculture Insurance Scheme and Modified National Agricultural Insurance Scheme by incorporating ...
The Government then introduced in 1999-2000, a new scheme titled “National Agricultural Insurance Scheme” (NAIS) or “Rashtriya Krishi Bima Yojana” (RKBY). [ 6 ] NAIS envisages coverage of all food crops (cereals and pulses), oilseeds, horticultural and commercial crops. It covers all farmers, both loanees and non-loanees, under the scheme.
Pradhan Mantri Fasal Bima Yojana (PMFBY) - PMFBY is a Yield-Guarantee scheme which operates on the basis of homogenous area being the unit of insurance. However, losses due to localised perils (Hailstorm, landslide & inundation) and Post-Harvest losses due to specified perils, (Cyclone/Cyclonic rain & Unseasonal rains) are assessed at the ...
In 2017, the Ministry of Agriculture extended the programme for three years up to 2019-20 which was to run as the centrally sponsored scheme of Rashtriya Krishi Vikas Yojana - Remunerative Approaches for Agriculture and Allied Sector Rejuvenation (RKVY-RAFTAAR). The centre and state's share in the funding is 60:40 for the General category ...
Remunerative Approach for Agriculture and Allied sector Rejuvenation, previously Rashtriya Krishi Vikas Yojana (Hindi: राष्ट्रीय कृषि विकास योजना, lit. 'National Agriculture Development Programme' [ 1 ] ) is a State Plan Scheme of Additional Central Assistance, [ 2 ] was launched in August 2007 as a ...
Soil Health Card Scheme is a scheme launched by the Government of India on 19 February 2015. [1] Under the scheme, the government plans to issue soil cards to farmers which will carry crop-wise recommendations of nutrients and fertilisers required for the individual farms to help farmers to improve productivity through judicious use of inputs.
Minimum support price (India) The minimum support price (MSP) is the minimum price for select crops raised in kharif and rabi seasons that the Government of India considers as remunerative for farmers and hence deserves support. This is different from procurement price and issue price. It is generally announced before the sowing/planting season ...
India is the world's second-largest producer of rice, and the largest exporter of rice in the world. [2] Production increased from 53.6 million tons in FY 1980 [1] to 120 million tons in FY2020-21. [3] Rice is one of the chief grains of India. Moreover, this country has the largest area under rice cultivation.