Government of India is coming up with lots of subsidy schemes for farmers to promote agriculture in India.Budget 2020 also allocated considerable portion of fund to subsidy schemes for farmers.It is very important for farmers to understand such schemes and avail the benefits for which they are eligible.The formalities for these schemes are simplified so that each farmer can avail the benefits without any hassle.This post contain list of government agriculture subsidy schemes (kisan yojanas)for farmers.By clicking on the links,you can get more details(eligibility criteria,benefits,how to apply etc) about the schemes
- PM KISAN : Rs.6000 per year directly to bank account of each farmer.The formalities are simple and you need to show land proof and identity proof along with application.
- Kisan Credit Card(KCC) :Easy credit to farmers up to 3 Lakhs at effective interest rate of 4%.Marginal farmers will get credit of up to 50000.Credit easily available for PM KISAN holders.
- Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyaan(PM KUSUM) :Solar powered agriculture pumps with subsidy.Farmers will get opportunity for extra income by selling extra energy to grid.
- Pradhan Mantri Fasal Bima Yojana(PMFBY) : Crop insurance scheme for farmers.Premium is very cheap at subsidised rate.Very helpful for farmers to manage risks associated with farming.
- 16 Points planned in Budget 2020 :Apart from above schemes,Government has allocated funds to various schemes in Budget 2020.Details are available in the link.
- Prime Ministers Employment Generation Program (PMEGP):This is one of the unique scheme which contain financial aid as well as development course which is very useful
I will be updating this list as and when new schemes are introduced or I get to know about any scheme.I request all farmers to avail these benefits so that Government's intention to boost farmers income successfully implemented.If you are facing any issue,feel free to comment below.
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