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The Ministry of Agriculture and Farmers Welfare (कृषि एवं किसान कल्याण मन्त्रालय Kr̥ṣi ēvaṁ Kisāna Kalyāṇa Mantrālaya), formerly the Ministry of Agriculture, is a branch of the Government of India and the apex body for formulation and administration of the rules and regulations and laws related to agriculture in India.
In the case of horticultural and commercial crops, actuarial rates are charged. Small and marginal farmers are entitled to a subsidy of 50 percent of the premium charged- the subsidy is shared equally between the Government of India and the States. The subsidy is to be phased out over a period of 5 years. NAIS operates on the basis of Area approach
The government will provide a 60% subsidy to the farmers, and 30% of the cost will be given by the government in the form of a loan. Farmers will only have to pay 10% of the total cost of the project. Farmers can sell electricity generated from solar panels. The money earned by selling electricity can be used to start a new businesses. [8] [9] [10]
The Pradhan Mantri fasal bima yojana (PMFBY) launched on 18 February 2016 by Prime Minister Narendra Modi is an insurance service for farmers for their yields. [1] It was formulated in line with One Nation–One Scheme theme by replacing earlier two schemes Agricultural insurance in India#National Agriculture Insurance Scheme and Modified National Agricultural Insurance Scheme by incorporating ...
The Prime Minister's Farmer Income Protection Scheme (Hindi: प्रधानमंत्री अन्नदाता आय संरक्षण ...
The scheme aims to tackle malnutrition and health problems in children below 6 years of age and their mothers by providing cash incentives conditional upon registration at Anganwadi centres and vaccination of newborn children. [100] Food subsidy CS MoCAFPD: 1972 Subsidy In 1972 the total food subsidy was ₹ 117 crore (US$154.84 million
The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020 was an act of the Indian Government that creates a national framework for contract farming through an agreement between a farmer and a buyer before the production or rearing of any farm produces. [1] [2]
Even if merit subsidies are set aside, the remaining subsidies alone amount to 10.7% of GDP, comprising 3.8% and 6.9% of GDP, pertaining to Centre and State subsidies respectively. The average all-India recovery rate for these non-merit goods/services is just 10.3%, implying a subsidy rate of almost 90%.