Agricultural Credit Insurance

Agricultural Credit
Agriculture is a dominant sector of our economy and credit plays an important role in increasing agriculture production. Availability and access to adequate, timely and low cost credit from institutional sources is of great importance especially to small and marginal farmers. Along with other inputs, credit is essential for establishing sustainable and profitable farming systems. Most of the farmers are small producers engaged in agricultural activities in areas of widely varying potential. Experience has shown that easy access to financial services at affordable cost positively affects the productivity, asset formation, income and food security of the rural poor. The major concern of the Government is therefore, to bring all the farmer households within the banking fold and promote complete financial inclusion

Policy Initiatives taken by the Government for increasing flow of credit and removal of indebtedness from non-institutional sources of lending Click here for more (202 KB) Publish Date: 23-03-2023

Agriculture Insurance
At present, Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) are being implemented in the country.

Background of evaluation of Crop Insurance in India. Click here for more (145 KB) Publish Date: 12-01-2015