Farmers Scheme: Currently, a large population benefits significantly from the implementation of numerous excellent schemes for the upliftment of farmers. Regardless, the majority of India’s population relies on agriculture. Governments are also bringing new plans to make farmers rich and prosperous. Apart from the PM Kisan Samman Nidhi Yojana, the government is also running many other plans, which you can advantage of on a large scale.
The schemes running for farmers include PM Kisan Samman Nidhi Yojana, Pradhan Mantri Mandhan Yojana, Pradhan Mantri Fasal Bima Yojana, and Krishi Infrastructure Fund Scheme. The aim of these schemes is to make farmers financially strong. Apart from PM Kisan Samman Nidhi, most schemes receive funding in the form of interest. If you are unfamiliar with these schemes’ details, you can learn more about them.
The Pradhan Mantri Kisan Mandhan Yojana is described in detail.
The objective of Pradhan Mantri Kisan Mandhan Yojana (PM KMY) is to provide financial security to farmers in old age. It is a kind of pension scheme. Farmers aged between 18 and 40 years can apply for this scheme. To receive pension benefits, they must pay a premium ranging from Rs 55 to Rs 200.
When the farmer turns 60 years old, he receives a Rs 3000 pension. This scheme is insured by the Life Insurance Corporation of India.
Learn more about the Pradhan Mantri Fasal Bima Yojana.
The Pradhan Mantri Fasal Bima Yojana provides crop insurance. Farmers can claim insurance under this scheme when a natural disaster damages their crop. This scheme covers the risk from sowing to harvesting. In addition to this, the scheme also provides insurance for crops during the Rabi and Kharif seasons.
Features of PM Kisan Samman Nidhi Yojana
In the PM Kisan Samman Yojana, the government provides Rs 6,000 annually. This amount is available in installments. The scheme benefits farmers directly by depositing the installment amount into their bank accounts. This scheme benefits approximately 11 crore farmers in the country.
Agriculture Infrastructure Fund Scheme
The government started the Agriculture Infrastructure Fund Scheme to accelerate development in the agriculture sector. This scheme provides funds to arrange safe storage of crops. Under this scheme, farmers can take a loan of up to Rs 2 crore. This scheme also provides an interest waiver.
