Page 28 - NIS English January 16-31

Agriculture Reform
PMFBY

A PROMISING ASSURANCE

Remembering former Prime Minister Atal Bihari Vajpayee on the occasion of Good
Governance Day, Prime Minister Narendra Modi said that he was the architect of
agricultural reforms in the country. The present Government is committed to double
farmers' income by 2022

ot only to double their income by 2022 but
also to mete out risk of farmers for their crop BENEFITS OF PMFBY
Nloss, the Government launched the crop
insurance scheme — Pradhan Mantri Fasal Bima
l No upper limit on Government subsidy,
Yojana (PMFBY). Besides this, ever since PM
even if the balance premium is 90 per
KISAN Samman Nidhi Scheme was launched, more
cent, it will be borne by the Government
than Rs 1.10 Lakh Crore have reached the accounts
of farmers and that is what good governance is all l The scheme, implemented in February
about. Good governance has been used through 2016 had a budgetary allocation of
technology. More than Rs 18,000 Crore have been Rs 5,500 Crore for 2016–17. It was
deposited directly into the farmers' bank accounts increased by 154 per cent, as announced
in a moment. in the interim Budget of 2019
Speaking on the occasion of Good Governance l Since its implementation, the PMFBY
Day Prime Minister Narendra Modi said, “No has achieved 41 per cent coverage of
commission, no cut, no rigging. Using technology,
farmers
the PM KISAN Samman Yojana has ensured that
there is no leakage. The system has been created
PM KISAN SAMMAN YOJNA
after the online registration of farmers, verification of
l Rs 18,000 Crore deposited directly in
their Aadhaar number and bank accounts through
the bank accounts of more than 9 crore
the state governments.” Except more than 70 Lakh
farmer families in the country
l Ever since the scheme started, over Rs
Today, the entire country is remembering
1.10 Lakh Crore reached into the accounts
him and bowing down to Atal ji. In a
of farmers
way, Atal Bihari Vajpayee was also the
l The Government is ensuring that farmers
architect of the agricultural reforms that
get a fair price for their crop
the country has brought to fruition. Atal ji
l The Government fixed one-and-a-half
considered corruption in all schemes in
times the production cost as MSP for the
the interests of the poor and the farmers
farmers as per the recommendations of
as a national disease
the Swaminathan Committee report
Prime Minister Narendra Modi

26 New India Samachar