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2018-08-02

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Indian Economy
www.pib.nic.in

Ministry of Agriculture & Farmers Welfare

Benefits of Schemes to Farmers

Posted On: 31 JUL 2018 6:47PM by PIB Delhi

Government Schemes are intended to help all farmers across the country and roughly 85 per cent of the total operational holdings in the country (about 43 per cent of the gross cropped area) are in the Small and Marginal Farmers (SMFs) category.  As far as the issue of such farmers qualifying for loans is concerned, the Govt. has taken several measures to facilitate their access to institutional credit including inter-alia:-

  1. The Reserve Bank of India (RBI) has issued Priority Sector Lending Guidelines    (PSL), which mandate all Domestic Scheduled Commercial Banks to earmark 18% of their Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposure (OBE), whichever is higher, as on the corresponding date of the previous year, for lending to Agriculture and within the 18 percent target for agriculture, a sub-target of 8 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, (whichever is higher) has been prescribed for SMFs.
  1. As per PSL guidelines, loans to distressed farmers to repay non-institutional lenders are eligible under priority sector. Besides loans to stressed persons (other than farmers) not exceeding Rs. 1,00,000/- per borrower to repay their debt to non-institutional lender are also eligible for the purpose of priority sector lending by banks.
  1. The Kisan Credit Card (KCC) Scheme enables eligible farmers to draw cash through ATM enabled debit card to purchase agricultural inputs such as seeds, fertilisers, pesticides as well as meet other agricultural and consumption needs.
  1. To bring small, marginal, tenant farmers, oral lessees, etc. into the fold of institutional credit, Joint Liability Groups (JLGs) have been promoted by banks. The Government also promotes formation of Farmer Producer Organisations (FPOs) in a big way to enable farmers to leverage economies of scale, not only for agricultural inputs but also for enhanced marketing opportunities.
  2. Vide RBI’s circular dated 18th June, 2010 the Banks have been advised to waive margin/security requirements of agricultural loans upto Rs.1,00,000/-.
  3. Further, with respect to lessee cultivators (tenant farmers), since leases are informal and may not constitute appropriate legal document for purposes of loan from institutional sources, the NITI AAYOG has formulated Model Agricultural Land Leasing Act, 2016 to provide a legal and institutional framework for legalisation of agricultural land leasing. This is with a view to facilitate financial institutions to advance agricultural loans to lessee cultivators.    Following NITI AAYOG’s Model Act, Uttrakhand and Uttar Pradesh have legalised land leasing. 

The Government of India fixes Minimum Support Price (MSP) for both Kharif and Rabi crops based on the recommendations of the Commission on Agriculture Costs & Prices (CACP). The Commission collects & analyses data on cost of cultivation and recommends MSP.  While recommending its Price Policy, the CACP considers all costs in a comprehensive manner.  The costs include all paid out costs such as those incurred on account of hired human labour, bullock labour/machine labour, rent paid for leased in land, expenses irrigation charges, depreciation on implements and farm buildings, interest on working capital, diesel/electricity for operation of pump sets etc., miscellaneous expenses and imputed value of family labour.  Hence the costs considered are very comprehensive and based on the methodology recommended by Expert Committees from time-to-time. 

 

In the Union Budget for 2018-19, the Government had announced that MSP for all Kharif crops not hitherto covered will be 1.5 times the cost of production.  This was followed by Government decision of 4th July, 2018 to increase MSPs for all Kharif crops for 2018-19 season at a level of at least 150 percent of the cost of production. 

 

The MSP declared during 2012-13 to 2018-19 for various crops is Annexed.

 Further, to inculcate discipline for timely repayment of short term crop loans  Government has also provided for prompt repayment incentive under Interest Subvention Scheme (ISS). 

ANNEXURE

 

Lok Sabha Unstarred Question No. 2120 due for 31.07.2018 regarding ‘Benefit of Schemes to Farmers

(7 years MSP Statement)

             

(Rs per quintal)

 

S. No.

Commodity

Variety

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

 

KHARIF CROPS

               

1

PADDY

Common

1250

1310

1360

1410

1470

1550

1750

 

 

Grade 'A'

1280

1345

1400

1450

1510

1590

1770

2

JOWAR

Hybrid

1500

1500

1530

1570

1625

1700

2430

 

 

Maldandi

1520

1520

1550

1590

1650

1725

2450

3

BAJRA

 

1175

1250

1250

1275

1330

1425

1950

4

MAIZE

 

1175

1310

1310

1325

1365

1425

1700

5

RAGI

 

1500

1500

1550

1650

1725

1900

2897

6

ARHAR(Tur)

 

3850

4300

4350

4625^

5050^^

5450^

5675

7

MOONG

 

4400

4500

4600

4850^

5225^^

5575^

6975

8

URAD

 

4300

4300

4350

4625^

5000^^

5400^

5600

9

COTTON

Medium Staple

3600

3700

3750

3800

3860

4020

5150

 

 

Long Staple

3900

4000

4050

4100

4160

4320

5450

10

GROUNDNUT IN SHELL

 

3700

4000

4000

4030

4220*

4450^

4890

11

SUNFLOWER SEED

 

3700

3700

3750

3800

3950*

4100*

5388

12

SOYABEEN

Black

2200

2500

2500

-

 -

 -

 -

 

 

Yellow ##

2240

2560

2560

2600

2775*

3050^

3399

13

SESAMUM

 

4200

4500

4600

4700

5000^

5300*

6249

14

NIGERSEED

 

3500

3500

3600

3650

3825*

4050*

5877

 

RABI CROPS

 

 

 

 

 

 

 

 

15

WHEAT

 

1350

1400

1450

1525

1625

1735

 

16

BARLEY

 

980

1100

1150

1225

1325

1410

 

17

GRAM

 

3000

3100

3175

3500**

4000^

[email protected]

 

18

MASUR (LENTIL)

 

2900

2950

3075

3400**

[email protected]

4250*

 

19

RAPESEED/MUSTARD

 

3000

3050

3100

3350

3700*

4000*

 

20

SAFFLOWER

 

2800

3000

3050

3300

3700*

4100*

 

21

TORIA

 

2970

3020

3020

3290

3560

3900*

 

 

OTHER CROPS

 

 

 

 

 

 

 

 

22

COPRA

Milling

5100

5250

5250

5550

5950

6500

7511

 

(Calender Year)

Ball

5350

5500

5500

5830

6240

6785

7750

23

DE-HUSKED COCONUT  (Calender Year)

 

1400

1425

1425

1500

1600

1760

2030

24

JUTE

 

2200

2300

2400

2700

3200

3500

3700

25

SUGARCANE#

 

170

210

220

230

230

255

275

 

 

#

Fair and remunerative price.

             

##

Single MSP of Soyabean (yellow) is recommended by CACP since 2015-16,  as black variety of soyabean is no longer

 

 Cultivated in major producing states.  Since 2015-16,MSP of Soyabean yellow is also applicable to black variety

*

Including Bonus of Rs. 100 per quintal.

             

**

Including Bonus of Rs. 75 per quintal .

             

^

Including Bonus of Rs. 200 per quintal.

             

^^

Including Bonus of Rs. 425 per quintal.

             

@

including bonus of Rs. 150 per quintal

             

This Information was given by the Minister of State for Ministry of Agriculture & Farmers Welfare Shri Gajendra Singh Shekhawat

 

*****

APS/RCS



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