Farmers Welfare Current Affairs - 2020

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Pradhan Mantri Fasal Bima Yojana: 4th National Conference held in Udaipur

On February 17, 2020, the fourth National Conference of Pradhan Mantri Fasal Bima yojana was held in Udaipur, Rajasthan. The Conference was organized by Ministry of Agriculture and Farmers Welfare.

Highlights

The Conference was attended by more than 140 members. It included members from NABARD (National Bank of Agriculture and Rural Development), RBI (Reserve Bank of India), insurance companies, etc. Currently, the scheme has three active participants namely the state government, banking sector and the insurance sector. According to the experts at the conference, for the scheme to achieve success, active participation of all the three stakeholders is essential.

Pradhan Mantri Fasal Bima Yojana

The scheme was launched in 2016. It replaced the Modified National Agricultural Insurance Scheme and National Agricultural Insurance Scheme. Under the scheme the farmers are paid a premium of 2% for Kharif crops and 1.5% for Rabi crops in case of crop damages. The scheme is in line with One Nation-One Scheme theme.

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PM Modi to release third instalment of Kisan Samman Nidhi

PM Modi is to release the fourth instalment of Pradhan Mantri Kisan Yojana in Tumakuru, Karnataka. The Prime Minister will also confer “Krishi Karmanya” award to three fishermen and 28 progressive farmers from various states.

Pradhan Mantri Kisan Samman Yojana

The scheme was first introduced in Telangana as “Rythu Bandhu” scheme. Under the scheme, a certain amount is given to eligible farmers. Eventually, the scheme was accoladed for its huge success all over the world including World Bank.

Upon the success of Rythu Bandhu scheme, central government launched Pradhan Mantri Kisan Samman Yojana all over the country in 2018. Under the scheme, Rs 6,000 will be provided to farmers annually. The amount is directly credited to bank accounts of eligible farmers in four instalments.

Installments

Since the launch of the scheme, three installments were released. The fourth installment of the scheme is to be released by the Prime Minister. The scheme is being implemented by the Ministry of Agriculture and Farmers Welfare. In 2019 budget, annual expenditure of Rs 75,000 crores was allocated to the scheme.

Objectives

The scheme was launched to improve the income of small and marginal farmers. It will help farmers to fulfil their crop health and yields. It also helps farmers from falling under the hands of moneylenders in meeting their basic expenses.

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