Schemes run by the Government of India in the favour of farmers

By: Merikheti Published on: 11-Jan-2024
Schemes run by the Government of India in the favour of farmers

Many welfare schemes are being run by the Central Government for farmers. PM Modi has promised to double the income of farmers. To fulfill this promise, PM Modi has issued many welfare schemes in the favour of farmers. Today we are going to give you information about important schemes released by the Central government. 

Prime Minister Kisan Samman Nidhi (PM - Kisan)

The objective of PM - Kisan Yojana is to provide financial assistance to the families of all landholding farmers across the country to enable them to manage the expenses related to agriculture and allied activities as well as household needs.

Also read: Prime Minister Kisan Samman Nidhi Yojana

With a few exceptions, the scheme assists Rs 6000/- per year to farmer families with cultivable land.

Farmer Producer Organization (FPO)

The government launched the Central Sector Scheme ( CSS) in the year 2020 for the “ Formation and Promotion of 10,000 FPOs ”. FPOs are formed and promoted through Implementing Agencies (IAs) to provide professional handholding support to Cluster Based Business Organizations (CBBOs) for 5 years. This includes the preparation and execution of the business plan of the concerned FPO.

Agricultural Infrastructure Fund (AIF)

Under the Self-reliant India campaign, an agricultural infrastructure fund of Rs 1 lakh crore was created in July 2020. AIF is a medium-term debt financing facility for investment in sustainable projects of community agricultural assets and post-harvest farm management through credit guarantees and interest subsidies. 

Also read: Under the Agricultural Infrastructure Scheme, loans up to Rs 2 crore are provided to farmers.

National Beekeeping and Honey Mission (NBHM) 

It is a centrally sponsored scheme, which was introduced in the year 2020 as part of the Self-reliant India campaign. The objective of its implementation is to advance beekeeping holistically through scientific methods and achieve the goal of the sweet revolution.  

Edible Oil – National Mission on Oil Palm (NMEO-OP)

A centrally sponsored scheme was launched in 2021 to promote palm oil cultivation and make India self-reliant in edible oils. The focus was on the Northeastern states and Andaman and Nicobar Islands. This campaign will cover 3.28 lakh hectares area of the North-Eastern states and 3.22 lakh hectares area of the rest of India, totaling an area of 6.5 lakh hectares under palm oil plantation from the year 2021-22 to the year 2025-26.