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Pradhan Mantri Krishi Sinchayee Yojana

Topics Covered: Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System objectives, functioning, limitations, revamping; issues of buffer stocks and food security.

Pradhan Mantri Krishi Sinchayee Yojana

Context: Annual allotment of Rs. 4000 crore made to State Governments under ‘Per Drop More Crop’ component of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY- PDMC) for the year 2020-21.

PMKSY

About ”Per Drop More Crop” component of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY-PDMC):

The Department of Agriculture Cooperation and Farmers’ Welfare is implementing the ”Per Drop More Crop” component of PMKSY-PDMC.

It is operational in the country from 2015-16.

It focuses on enhancing water efficiency at farm level through micro irrigation technologies such as ”drip and sprinkler” irrigation.

Funding:

Micro Irrigation Fund corpus of Rs. 5000 crore has been created with NABARD.

The objective of the fund is to facilitate the states in mobilizing the resources for expanding coverage of Micro Irrigation by taking up special and innovative projects and also for incentivising micro irrigation beyond the provisions available under PMKSY-PDMC to encourage farmers to install micro irrigation systems.

Assistance:

The Government provides financial assistance @ 55% for small and marginal farmers and @ 45% for other farmers for installation of Drip and Sprinkler Irrigation systems. In addition, some States provide additional incentives/top up subsidy for encouraging farmers to adopt Micro Irrigation.

InstaLinks:

Prelims Link:

  1. Components of PMKSY.
  2. About the Micro Irrigation fund.
  3. What is NABARD?
  4. Assistance provided by the centre under this scheme.

Mains Link:

Discuss the significance of the scheme.

Sources: pib.