Impact of Covid-19 on Farming Sector in India

Share this

21 September 2020, New Delhi, IN: During the lockdown situation, the farming sector functioned smoothly. Government of India has taken all necessary measures to ensure smooth sowing operation during pre-monsoon and monsoon period. All the necessary exemptions were allowed for agricultural activities during lockdown period.

Also Read: Rabi National Conference 2020 sets target of 301 million tonnes of food grains production for 2020-2021

As per the Provisional Estimates of National Income 2019-20 released by the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation on 31st August, 2020 the growth rate of real Gross Value Added (GVA) of Agriculture & Allied sectors is 3.4 % in the First Quarter (April-June), 2020-21.

Assistance under MGNREGA and PMGKAY is being provided to agricultural labourers etc.

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme since inception and as on 15/09/2020 about 10.19 crore farmer families have been benefitted and an amount of Rs.94,1305 crore was released. During the period of lock down, an amount of around Rs. 410,86 crores (as on 15-09-2020) has been disbursed to various beneficiaries under the Scheme covering various instalments.

The Government had provided the facility of Kisan Credit Card to the farmers to invest in crops and animal husbandry and fisheries. Now the beneficiary farmers of PM-KISAN Scheme are also getting the facilities of Kisan Credit Card. There is no mortgage required to avail loan up to Rs1.60 lakh.

Also Read: Government declares Minimum Support Prices (MSP) for Rabi Crops for marketing season 2021-22

Under Pradhan Mantri Fasal Bima Yojana (PMFBY), total claims of Rs 5,326.7 crores were paid during lockdown period, PMFBY was made more efficient and farmer friendly and made voluntary for all farmers. Government of lndia will now bear 90% of premium subsidy liability for North Eastern States instead of 50% earlier. Further benefit of 2% interest subvention (lS) to Banks and 3% Prompt Repayment Incentive (PRI) to all farmers for all crop loans up to Rs. 3 lakhs given by banks was extended till 31/08/2020.

This information was given in a written reply by the Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar in Lok Sabha yesterday.

Photo credit: nevil zaveri (thank you for 20+M views:) on VisualHunt.com / CC BY

Share this

2 thoughts on “Impact of Covid-19 on Farming Sector in India

Leave a Reply

Your email address will not be published.