Top 5 Central Government Schemes Related To Agriculture Sector

Top 5 Central Government Schemes Related To Agriculture Sector Top 5 Central Government schemes for the agriculture sector

In a diverse country like India, government schemes play a vital role in improving the socio-economic conditions of citizens. Since the farming community is immensely affected by various challenges and lack of facilities, it is important to support them with government initiatives. Presently, the central government has implemented various schemes keeping in mind the state of agriculture in our country. Let’s have a look at the top 5 schemes that are significant to the farming community.

1. Pradhan Mantri Fasal Bima Yojana (PMFBY)

It is one of the prominent central government schemes designed to uplift the lives of Indian farmers. Launched on 13th January 2016, this scheme provides insurance coverage and financial assistance to farmers when they suffer from crop losses or damages during natural calamities. They are also eligible for such assistance when their crops are destroyed by pests and diseases. In simple terms, it is an initiative to provide risk coverage under unforeseen conditions. In the last three years, more than 18 crore farmers have enrolled for the scheme.

2. Pradhan Mantri Kisan Maandhan Yojana  

This scheme is specially designed to provide social security to small and marginal farmers. Under the scheme, the farmers are eligible to receive a pension of ₹3000 per month when they reach the age of 60. To avail of the benefits, he/she must make a monthly contribution ranging from ₹55 to ₹200 depending on the age. In case the farmer meets with an untimely death, the spouse will be entitled to 50% of the pension. Till now, more than 21 lakh farmers have benefited from this central government scheme. 

3. PM – Kisan Scheme

This is another central government scheme that is shaping the future of small and marginal farmers of our country. Launched in 2018,  PM – Kisan scheme provides income support of ₹6000 per year to the farmers. Under the scheme, the state governments and Union Territories identify the farmers, and financial assistance is provided in three equal installments. The amount is directly transferred to their bank accounts. According to a PIB report, more than 9 crore farmers have benefited from this scheme. 

4. PM – KUSUM Scheme

This scheme has been launched by the Union Ministry of New and Renewable Energy (MNRE). The ultimate aim of this central government scheme is to provide farmers with a clean source of energy for their farms along with the promotion of solar energy in the country. Under this scheme, farmers are equipped with solar irrigation pumps at subsidized rates. The government is providing around 70% subsidy on solar pumps. 

Utilizing the scheme, farmers can generate solar power on their barren lands and even sell it to the power grids of their respective states. The government is eyeing to achieve a target of 175 GW of renewable energy by 2022 which was also an important component of the Paris Climate Summit 2015.

5. Pradhan Mantri Krishi Sinchai Yojana (PMKSY) 

This scheme was launched by the central government to ensure better irrigation for farmers. It focuses on expanding the cultivable area along with keeping a check on water wastage. It promotes precision agriculture among the farming community. ‘More crop per drop’ is the main theme behind it. Under the scheme, the government repairs, restores and renovates water bodies. In addition, rainwater harvesting structures are made so that the country’s irrigation can be strengthened. 

Just like these schemes are changing the lives of our farmers, ChargeERP is changing the lives of Commission Agents (Aadathiyas) who are closely associated with the farming community. This advanced cloud-based online accounting software not only helps aadathiyas efficiently manage their day-to-day tasks but also saves their valuable time. ChargeERP makes accounting easy for them. This is the reason thousands of aadathiyas across the country are using ChargeERP. It has several unique features such as – 

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As you just saw, whenever the government schemes have been implemented with good intentions, they have been fruitful to the farming community. Currently, there are several schemes that have the power to mitigate the complexities of Indian agriculture. These should be implemented in the future as well.