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PIB Summary- 18th December, 2024 | PIB (Press Information Bureau) Summary - UPSC PDF Download

Doubling the income of farmers

PIB Summary- 18th December, 2024 | PIB (Press Information Bureau) Summary - UPSC

Context

The article discusses the Government of India’s efforts in the agricultural sector through various schemes aimed at increasing production and providing income support.

It highlights the budgetary allocations, key programs, and initiatives like the Agriculture Infrastructure Fund (AIF) to address infrastructure gaps.

These efforts are designed to improve farmers’ livelihoods and sustainable agricultural practices.

Government Support for Agricultural Development

  • Agriculture is a State Subject, but the Government of India supports state-level efforts through policy measures, budgetary allocation, and various schemes.
  • These initiatives aim to increase crop production, ensure remunerative returns, and provide income support to farmers.

Key Strategies for Farmer Welfare

  • To increase farmer incomes, strategies focus on improving crop productivity, reducing production costs, promoting agricultural diversification, adapting to climate change, and compensating for losses.
  • These strategies are essential for sustainable agriculture and enhanced farmer livelihoods.

Budgetary Support

  • The Government of India has significantly increased the budget for the Department of Agriculture & Farmers Welfare (DA&FW) from Rs. 21,933.50 crore in 2013-14 to Rs. 1,22,528.77 crore in 2024-25.

Major Schemes and Programs

  • Pradhan Mantri Kisan Samman Nidhi (PM-KISAN): Financial support to farmers.
  • Pradhan Mantri Kisan MaanDhan Yojana (PM-KMY): Pension scheme for farmers.
  • Pradhan Mantri Fasal Bima Yojana (PMFBY): Crop insurance for farmers.
  • Agriculture Infrastructure Fund (AIF): Financial support for agriculture infrastructure projects, including warehouses and cold storage units.
  • Formation of Farmers Producers Organizations (FPOs): Promoting collective farming.
  • Mission for Integrated Development of Horticulture (MIDH): Focus on horticulture development.
  • Soil Health Card (SHC): Providing soil health monitoring to farmers.

Agriculture Infrastructure Fund (AIF)

  • Launched to address infrastructure gaps, AIF provides debt financing for post-harvest management and farming assets.
  • The fund includes interest subvention and credit guarantees.
  • Key projects funded include Custom Hiring Centres, primary processing units, sorting and grading units, and cold storage facilities.

Success Stories

  • The Indian Council on Agricultural Research (ICAR) has documented success stories of 75,000 farmers who have doubled their incomes through the convergence of schemes operated by the Ministry of Agriculture & Farmers Welfare.

Question for PIB Summary- 18th December, 2024
Try yourself:
What is the key objective of the Agriculture Infrastructure Fund (AIF)?
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FAQs on PIB Summary- 18th December, 2024 - PIB (Press Information Bureau) Summary - UPSC

1. What are the key initiatives taken by the government to double farmers' income?
Ans. The government has implemented several key initiatives aimed at doubling farmers' income, including the introduction of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, which provides direct income support to farmers. Additionally, there are programs focused on enhancing agricultural productivity through better seeds, technology, and irrigation facilities. The government is also promoting diversification into high-value crops and livestock, along with improving market access through the establishment of agriculture markets and cooperatives.
2. How does the PM-KISAN scheme contribute to farmers' income?
Ans. The PM-KISAN scheme contributes to farmers' income by providing financial assistance of ₹6,000 per year, which is paid in three equal installments. This direct income support helps farmers meet their basic needs and invest in agricultural inputs, thereby improving their productivity and overall income. It serves as a safety net for small and marginal farmers, helping them sustain their livelihoods.
3. What role does technology play in doubling farmers' income?
Ans. Technology plays a crucial role in doubling farmers' income by enhancing productivity and efficiency in agriculture. Innovations such as precision farming, smart irrigation systems, and mobile applications for weather forecasting and market prices enable farmers to make informed decisions. Additionally, the use of modern equipment and genetically modified seeds can lead to higher yields and better crop quality, ultimately increasing farmers' earnings.
4. What challenges do farmers face in achieving the goal of doubled income?
Ans. Farmers face several challenges in achieving the goal of doubled income, including unpredictable weather patterns, inadequate access to credit, fluctuating market prices, and rising input costs. Additionally, small and marginal farmers often lack access to technology and modern agricultural practices, which can hinder their productivity. These challenges can lead to financial instability and limit their ability to invest in their farms.
5. How does the government plan to sustain the growth in farmers' income over the long term?
Ans. To sustain growth in farmers' income over the long term, the government plans to focus on sustainable agricultural practices, improve rural infrastructure, and enhance access to markets. Investments in research and development for better crop varieties and farming techniques are also prioritized. Furthermore, the government aims to strengthen the cooperative movement and promote farmer producer organizations (FPOs) to empower farmers and facilitate better bargaining power in the market.
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