3rd Tranche of Aatmanirbhar Bharat Scheme by FM

Yesterday’s announcements related to Farmers

1. Rs 30,000 crore Additional Emergency Working Capital for farmers through NABARD

  • NABARD will extend additional re-finance support of Rs 30,000 crore over and above the Rs 90,000 already being provided by NABARD for meeting crop loan requirements of Rural Cooperative Banks and RRBs.
  • Will benefit 3 crore farmers, mostly small and marginal.

2. Rs 2 lakh crore credit boost to 2.5 crore farmers under the Kisan Credit Card Scheme

  • A special drive to provide concessional credit to PM-KISAN beneficiaries through Kisan Credit Cards.
  • Fisherman and Animal Husbandry Farmers will also be included in this drive.
  • Will inject additional liquidity of Rs 2 lakh crore to 2.5 crore farmers

Agriculture : Additional Steps during COVID

  • A number of measures supporting farmers was explained yesterday.
  • Additional measures taken during the last 2 months are below
  • During lockdown period Minimum Support Price (MSP) purchases of amount more than Rs 74,300 crores
  • PM KISAN fund Transfer of Rs 18,700 crores
  • PM Fasal Bima Yojana claim payment of Rs 6,400 crores

Animal Husbandry : Additional Steps during COVID

  • During Lockdown, the Demand for Milk reduced by 20-25%.
  • 560 Lakh litre per day(LLPD) procured by cooperatives against the daily sale of 360 LLPD.
  • Total 111 Crore Litres extra procured ensuring payment of Rs 4100 Cr.
  • A new scheme to provide interest subvention @2% per annum to dairy cooperatives for 20-21.
  • Additional 2% p.a. interest subvention on prompt payment/interest servicing.
  • This scheme will unlock 5000 Cr additional liquidity, benefitting 2 Cr farmers.

Fisheries: Additional Steps during COVID

  • All 4 COVID related announcements for fisheries implemented
    • Validity of Sanitary Import Permits (SIPs) for import of Shrimp Broodstock extended by 3 months
    • Condoned delay up to 1 month in the arrival of Broodstock consignments
    • Allowed rebooking of Quarantine cubicles for cancelled consignments with no additional charges
    • Verification of documents and grant of NOC for Quarantine relaxed from 7 days to 3 days
  • Registration of 242 Registered Shrimp hatcheries and Nauplii Rearing Hatcheries expiring on 31.03.2020 extended for 3 months
  • Operations of Marine Capture Fisheries and Aquaculture relaxed to cover Inland Fisheries

Measures to strengthen Infrastructure Logistics and Capacity Building

Rs 1 lakh crore Agri Infrastructure Fund for farm-gate infrastructure for farmers

  • Lack of adequate cold chain & Post Harvest Management infrastructure in the vicinity of farm-gate causing gaps in value chains.
  • Focus has been on short term crop loans while investment in long term agriculture infrastructure has often not been enough.
  • Financing facility of Rs. 1,00,000 crore will be provided for funding Agriculture Infrastructure Projects at farm-gate & aggregation points (Primary Agricultural Cooperative Societies, Farmers Producer organizations, Agriculture entrepreneurs, Startups, etc.)
  • The impetus for development of farm-gate & aggregation point, affordable and financially viable Post Harvest Management infrastructure
  • • Fund will be created immediately.

Rs 10,000 crores scheme for Formalisation of Micro Food Enterprises (MFE)

  • Scheme promotes the vision of Hon. PM: ‘Vocal for Local with Global outreach’
  • Unorganized MFEs units need technical up-gradation to attain FSSAI food standards, build brands and marketing
  • A Scheme will be launched to help 2 lakh MFEs attain above goals
  • Existing micro food enterprises, Farmer Producer Organisations, Self Help Groups and Cooperatives to be supported
  • Cluster-based approach (e.g. Mango in UP, Kesar in J&K, Bamboo shoots in North-East, Chilli in Andhra Pradesh, Tapioca in Tamil Nadu etc.)
  • Expected outcomes: Improved health and safety standards, integration with retail markets, improved incomes
  • Will also help in reaching untapped export markets in view of improved health consciousness

Rs 20,000 crores for Fishermen through Pradhan Mantri Matsya Sampada Yojana (PMMSY)

  • Critical gaps in fisheries value chain
  • The government will launch the PMMSY for integrated, sustainable, inclusive development of marine and inland fisheries.
  • Rs 11,000 Cr for activities in Marine, Inland fisheries and Aquaculture
  • Rs. 9000 Cr for Infrastructure – Fishing Harbours, Cold chain, Markets, etc.
  • Cage Culture, Seaweed farming, Ornamental Fisheries as well as New Fishing Vessels, Traceability, Laboratory Network, etc. will be key activities.
  • Provisions of Ban Period Support to fishermen (during the period fishing is not permitted), Personal & Boat Insurance
  • It will lead to Additional Fish Production of 70 lakh tonnes over 5 years.
  • Employment to over 55 lakh persons; double exports to Rs 1,00,000 Cr.
  • Focus on Islands, Himalayan States, North-east, and Aspirational Districts.

Read more from here: Aatma Nirbhar Bharat Scheme 03rd Tranche

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