Published Sep 12, 2023
Minimum Support Price, Krishi Amdani Bima Yojana, Krishi Sinchayee, Sahakar Pragya, and Kisan Samman Nidhi bolster Indian farmers by ensuring fair prices and effective agricultural support.
Minimum Support Price is a government-set floor price for specific agricultural products. It ensures that farmers receive a minimum price for their produce, protecting them when market prices fall.
NAIS is a government-sponsored national agricultural insurance scheme that provides financial assistance to farmers in the event of crop failure due to natural calamities or pests.
Prime Minister Krishi Sinchayee Yojana, launched in 2015 with a 50,000 crore (US$ 7.7 billion) investment, focuses on creating irrigation sources to combat drought with the motto "Har Khet Ko Paani."
The Ministry of Agriculture and Farmers' Welfare initiated Sahakar Pragya on November 24, 2020, to empower rural communities by enhancing India's cooperative sector knowledge and skills.
Sahakar Pragya, initiated by the Ministry of Agriculture and Farmers' Welfare on November 24, 2020, empowers rural communities by enhancing cooperative sector skills in India.