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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.
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 ...
The primary objectives of PMKSY are to attract investments in irrigation system at field level, develop and expand cultivable land in the country, enhance ranch water use in order to minimize wastage of water, enhance crop per drop by implementing water-saving technologies and precision irrigation.
PM Fasal Bima Yojana (PM Crop Insurance Scheme) CS Multiple 2016 Agriculture Insurance and finance scheme for farmers. [48] Stand-Up India: CS MoF, MoSJE: 2016 Entrepreneurship Loans for scheduled castes, scheduled tribes and women entrepreneurs for greenfield enterprises. Loans can be applied online. [49]
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 ...
The current national government's program "Doubling Farmers' Income by 2022" calls for increases in agricultural productivity, development initiatives such as Pradhan Mantri Krishi Sinchai Yojana and Pradhan Mantri Fasal Bima Yojana as well as more focus on technological innovation. The government expects KVKs to aid in the dissemination of ...