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GUJARAT LAUNCHED MUKHYA MANTRI KISAN SAHAY YOJANA

GUJARAT LAUNCHED MUKHYA MANTRI KISAN SAHAY YOJANA

Context

Recently, Gujarat Government launched Mukhya Mantri Kisan Sahay Yojana.

Details

  • State government launched a new scheme under which farmers will get compensation without collection of any premium from them, who are  facing crop losses due to drought, excess or unseasonal rain.
  • It is called Mukhya Mantri Kisan Sahay Yojana.
  • It will replace the Pradhan Mantri Fasal Bima Yojana (PMFBY) for this year only.
  • Under this scheme, farmers who have sown crops in this kharif (monsoon) season will get benefit.

About Pradhan Mantri Fasal Bima Yojana

  • It aims to reduce the premium burden on farmers.
  • It  ensures early settlement of crop assurance claims for the full insured sum.
  • It replaces earlier two schemes National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS)

Objectives

  • To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crops as a result of natural calamities, pests & diseases.
  • To stabilise the income of farmers to ensure their continuance in farming.
  • To encourage farmers to adopt innovative and modern agricultural practices.
  • To ensure flow of credit to the agriculture sector.

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