Agriculture

  • The target of doubling the flow of agricultural credit in 3 years with base year as 2004-05 was achieved in two years.
  • Agricultural credit flow has reached 6,07,375 in 2012-13 crore against the target of Rs.5,75,000 crore.
  • Against the target of Rs.7,00,000 crore during 2013-14, achievement is Rs 41,33,341 crore upto 31st December, 2013.
  • The Kisan Credit Card (KCC) Scheme is in operation throughout the country and is implemented by Commercial Banks, Cooperative Banks and Regional Rural Banks. The scheme has facilitated in augmenting credit flow for agricultural activities.
  • The National Policy for Farmers, 2007 lays emphasis on the use of information technology for achieving rapid development of agriculture in India.
  • Keeping in view of the risks involved in Agriculture and to insure the farming community against various risks, the Ministry of Agriculture introduced a crop insurance scheme in 1985.
  • A Central Sector Scheme of National Crop Insurance Programme has been formulated by merging the erstwhile three schemes of 11th Plan, namely Pilot MNAIS, Pilot WBCIS and Pilot CPIS from Rabi 2013-14. The Scheme has the following components :
  1. NCIP component-I: Modified National Agricultural Insurance Scheme (MNAIS): It is improved version of NAIS and has been launched from Rabi 2010-11 in 50 districts. In this scheme, the actuarial premiums are charged which are subsidized for farmers. The claim liability is on the insurance company.
  2. NCIP component-II: Weather-based Crop Insurance (WBCIS): Protects losses caused by adverse weather conditions. It was launched from Kharif 2007 in 20 States. In this scheme, the actuarial premiums are charged, which are subsidized for farmers. The claim liability is on the insurance company.
  3. NCIP component-III: Coconut Palm Insurance Scheme (CPIS): It has been launched in seven Coconut palms growing States from 2009-10 compensating the damages to coconut palm. In this scheme, the actuarial premiums are charged which are subsidized for farmers. The claim liability is on the insurance company.

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