- Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)
- Agricultural Credit
- Kisan Credit Card
Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)
The Scheme has been approved with an outlay of 50,000 crore for a period of 5 years (2015-16 to 2019-20).
The major objective of PMKSY is
- to achieve convergence of investments in irrigation at the field level,
- expand cultivable area under irrigation,
- improve on-farm water use efficiency to reduce wastage of water,
- enhance the adoption of precision irrigation and other water saving technologies (more crop per drop),
- enhance recharge of aquifers and introduce sustainable water conservation practices, etc.
A total of 5,300 crore, comprising 1,800 crore for Department of Agriculture & Cooperation, 1,500 crore for Department of Land Resources and 2,000 crore for Ministry of Water Resources, River Development & Ganga Rejuvenation has been provisioned in BE 2015-16.
Government announces annual target for agriculture credit in the budget every year.
Agricultural credit flow has shown consistent progress every year. Agricultural credit of 7,11,621 crore was provided to the farmers against target of 7,00,000 crore in 2013-14. In the year 2014-15, agricultural credit flow was 8,45,328.23 crore against the target of 8,00,000 crore.
Target for the year 2015-16 was fixed at 8,50,000 crore and the achievement was 6,30,243.87 crore up to December 31, 2015.
Kisan Credit Card
The Kisan Credit Card Scheme is in operation throughout the country and is implemented by Commercial Banks, Cooperative Banks and Regional Rural Banks.
The Scheme has facilitated in augmenting credit flow for agricultural activities.
The scope of the KCC has been broad-based to include term credit and consumption needs.
The KCC Scheme has since been simplified and converted into ATM enabled debit card with, inter alia, include –
- facilities of one-time documentation,
- built-in cost escalation in the limit,
- any number of withdrawals within the limit, etc.,
This eliminates the need for disbursement through camps and mitigates the vulnerability of farmers to middlemen.
Bibliography : India Year Book ( PUBLICATIONS DIVISION – GOI )