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

31/05/2020Posted on
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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Government signed $80M loan with the world bank to develop agriculture

17/03/2020Posted on

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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The government launched FPO Scheme, 86 percent farmers will be benefited.

05/03/2020Posted on

There’s good news for Indian farmers as the Central Government has recently launched an enthusiastic programme to develop around 10,000 FPOs (Farmers Producers Organisations) throughout the nation. These FPO’s would be beneficial mostly for those small and marginal farmers, whose landholdings are less than one hectare. According to a media report, such farmers account for 86 per cent of total farmers in the country. 

The FPOs (Farmers Producers Organisations) are member-based organisations. Which means that in an FPO, farmers will be the members. These organisations will include experts from various fields like agri-marketing, crop husbandry, value-addition & processing, and Information technology etc. so that they can help farmers on all issues.  The Central government has allocated a fund of Rs 4,496 crore for this project. These FPOs are expected to be set up over a five-year period i.e. till 2024.

This project will provide small farmers with a platform to resolve various challenges in the process of farming. While launching the scheme on Saturday (29 February), the Prime minister himself had said that these FPOs will turn the farmers into businessmen.

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What is PM Kisan scheme and what are its benefits?

27/02/2020Posted on

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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KISAN Samman Yojana: Following steps have been taken for the ease of application under KCC

17/02/2020Posted on
  • A simple 1-page form is designed to obtain basic data from the bank’s record under PM Kisan Yojna, and only one copy of the land record with details of crop sown would be required for that. 
  • This form will be available with an ad published in all leading newspapers across India and the same can be cut & filled by the beneficiaries.
  • You can also download the form from websites of all Scheduled Commercial Banks, the website of the Department of Agriculture, Cooperation & Farmers Welfare and PM-KISAN.
  • Common Service Centres have been given permission to fill up the form & transmit the same to the concerned bank.
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