Bhavantar Bhugtan Yojana provides financial help to farmers of MP who suffer losses

Bhavantar Bhugtan Yojana provides financial help to farmers of MP who suffer losses

Madhya Pradesh government runs ‘Mukhyamantri Bhavantar Bhugtan Yojana’ to provide financial assistance to farmers at the time of loss in agriculture. In the event of loss to the farmers under this scheme, the loss is compensated directly by sending money to the farmer’s account.

The loss to the farmers is usually due to lack of proper price for the crop. The Bhavantar Yojana comes in handy to compensate for this loss to get a fair price for the produce.

The Madhya Pradesh government pays the farmers the difference between the market price and the minimum support price (MSP) when crop prices fall from this scheme. This amount is deposited in the account of farmers.

How to take advantage of this scheme?
To take advantage of Bhavantar Yojana, farmers are required to register before selling their produce. Its registration can be done on the MP Earnings Portal created by the Government of Madhya Pradesh. After registration, the farmer is guaranteed to get the minimum support price (MSP) of his produce. Farmers do not even need to visit government offices to take advantage of this scheme.

Source: Nai Dunia

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21-day lockdown: Government has given special exemption to farmers

At this time, the whole world is troubled by the increasing cases of the coronavirus. In India also, the central government has imposed a 21-day nationwide lockdown amid growing infection of the virus. This means that all offices, markets, means of transport etc. will be closed in the entire country for 21 days. This news created a situation of confusion among Indian farmers. But the government has ended this confusion by giving special exemption for the farmers even in the lockdown.

Actually, the farmers have to purchase many agricultural products like fertilizer and seeds for their crops. In such a situation, if they wouldn’t have got these products due to lockdown, then they would have to face a lot of trouble. Keeping in mind these problems of the farmers, the government has announced a discount for farmers on the purchase of products like seeds and fertilizers. This means that the farmers will be able to meet their agricultural requirements easily, even during the lockdown period.

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Government signed $80M loan with the world bank to develop agriculture

The Agriculture sector holds a significant contribution to the Indian economy. Which means, improving agriculture will strengthen the economy too. That is why the government has also started focusing more and more on the agriculture sector since the last few years. In the same episode, the Government of Himachal Pradesh signed an $80 million loan agreement with the World Bank to develop the state’s agriculture.

This amount will be spent mainly on improving water management practices and increasing agricultural productivity in various Gram Panchayats of Himachal Pradesh. According to a media report, this project will be executed in 10 districts of the state covering 428 Gram Panchayats. It will benefit around 400,000 smallholder farmers.

This project will be very beneficial for the farmers of Himachal Pradesh, as many of the lowland areas of the state lack sufficient water for irrigation and are chiefly dependent on rainwater. But the constant decrease in the rainfall and climate change is affecting the production of fruits grown in Himachal Pradesh, including its iconic apples. This step could also play a big role in contributing to the central government’s mission of doubling the farmers’ incomes.

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PM Kisan Maan dhan Yojana: Farmers will get pension of 3,000 rupees per months

Many farmers in our country have to face financial problems due to different reasons. This problem increases further when the farmer gets older. Keeping this in mind, the government has launched the Pradhan Mantri Kisan Man-Dhan Yojana. Under this scheme, the farmers will receive a pension of Rs 3000 per month in their old ages. 

Who can apply?

Farmers under 18 to 40 years of age can register for the Prime Minister Kisan Mandhan scheme. If you are 18 years old, then you would have to deposit only 55 rupees every month. But if you are 40, then you would require to deposit 200 rupees per month.  

According to a media report, more than 19 lakh farmers have already registered under this scheme. The best thing about this scheme is that the government will also deposit the amount in your account, which will be equal to what you put in it.

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Good news! Now all beneficiaries of the PM Kisan scheme will get KCC

There’s good news for Indian farmers. The central government had announced that all the beneficiaries of the PM Kisan scheme will be issued a Kisan Credit Card (KCC). The government has also started a 15-day special campaign to issue these KCC cards. According to a media report, around 14 crore farmers will get the benefits under this scheme.

What is the KCC scheme?

Under the Kisan Credit Card scheme, the farmers will get a card, through which they can get a loan of up to Rs 3 lakh, and that’s too at an interest rate of just 7 per cent. The farmers would also get an additional discount of 3 per cent if they deposit the amount within the given time period. Which means, the farmers will now have to pay only 4 per cent interest on the Kisan Credit Card loan.

The central government has issued all the Detailed instructions regarding this campaign to the Chairman of NABARD, the Managing Directors of all banks and also to the Governments of all the States / UTs. Each bank and Government of each state/UT have been advised to list all those beneficiaries of the PM-Kisan scheme who do not have a KCC. Apart from this, they are also advised to contact all these beneficiaries of the scheme through the concerned departments.

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What is PM Kisan scheme and what are its benefits?

PM Kisan scheme-

The Pradhan Mantri Kisan Samman Nidhi (generally known as the PM Kisan Yojana) is a central government’s scheme, which aims to provide income support to Indian farmers so that they can meet their financial needs regarding various agricultural inputs. This scheme was launched on 24th February 2019 by the Hon’ble Prime Minister of India. Initially, the benefits of this scheme applied to the small & Marginal farmers only, but now it is extended to all farmer families, irrespective of the size of their landholdings.

Benefits of the scheme

Under the PM-KISAN scheme, each eligible farming family will be provided with a financial benefit of 6000 Rs per annum. This amount will be provided in three equal instalments of Rs. 2000 each, which would be provided every fourth month.

This scheme had already proved to be very fruitful to millions of farmers. According to a media report, around 7.6 crore farmers had received its benefits until November 2019. And now the government has added even more features to this scheme. Along with the scheme, farmers will also get many other additional benefits and facilities.

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