GOVERNMENT PROPOSES ₹50,000 CRORE AGRICULTURAL REFORM SCHEME
Why in the news?
- The government is considering a ₹50,000 crore scheme to incentivize states for adopting agricultural reforms.
- The scheme aims to fund reforms in agriculture marketing, contract farming, and land leasing.
- The proposal revives an idea from the 15th Finance Commission’s 2020-21 report, which suggested performance-based incentives for states implementing agricultural reforms.
Source:lotusarise
Key Government Initiatives in Agriculture:
- Urea Subsidy: Supports farmers with urea subsidies.
- Agriculture Export Policy, 2018: Facilitates agricultural product exports.
- PMFBY: Crop insurance for financial protection.
- AGRI-UDAAN: Mentors agri start-ups and investors.
- PMKSY: ₹50,000 crore for irrigation development.
- Food Processing Expansion: ₹6,000 crore for mega food parks.
- 100% FDI in Food Marketing: Enables full FDI in food e-commerce.
- e-RaKam: Platform for agricultural produce sales.
- e-NAM: Unified national market for agri commodities.
- PM-AASHA: Ensures remunerative prices for farmers.
- PM-KISAN: Direct income support to small farmers.
- Farm Laws of 2020: Reforms for better agricultural trade.
Welfare Schemes for Farmers:
PM-KISAN:
PM-KMY:
PMFBY:
Agriculture Infrastructure Fund (AIF):
Formation & Promotion of 10,000 FPOs:
National Beekeeping and Honey Mission (NBHM):
Market Intervention Scheme and Price Support Scheme (MIS-PSS):
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