S.NO | Credit Facility | Quantum of Assistance |
1 | Interest Assistance Collateral / security-free loan |
Crop loan upto Rs.3 lakhs at 7% rate of interest. This interest rate becomes 4% due to 3% interest subvention incentives provided to those farmers who repay crop loan on time No need of collateral security for farm loan up to Rs 1.6 lakh |
2 | Kisan Credit Card | Farmers can avail crop loan through Kisan Credit Card. Loan /credit limit is fixed on the basis of crop sown and area under cultivation. Kisan Credit Cards are valid for 3-5 years. Farmers are also provided risk coverage in the event of accidental death/ disability. Crop coverage loans are covered under the Crop Insurance Scheme. |
3 | Investment Loan | Loan facility to the farmers is available for investment purposes in the areas viz. Irrigation, Agricultural Mechanization, Land Development, Plantation, Horticulture and Post-Harvest Management |
Price Support Scheme (PSS) for Procurement of Oilseeds, Pulses & Cotton under Minimum Support Price (MSP)
Name of the Scheme | Objectives | Beneficiary | Implementing Agency | Commodities covered under Scheme |
Likely Benefit to the growers | Pattern of Assistance |
Price Support Scheme (PSS) |
To provide
remunerative/
guaranteed
prices to the
oilseeds,
cereal, copra,
sugarcane
and raw jute.
Pulses & cotton growers in case of price fall below the
Minimum
Support
Price (MSP)
declared by
Government
of India in
both crop
seasons i.e.
Rabi & Kharif
every year.
|
All the
cereals
oilseeds,
pulses &
cotton,
copra,
sugar-
cane and
raw jute
growers
of the
country.
|
(i) Central Agencies
|
CACP recom-
mends MSPs of 23 commodities,
which comprise
7 cereals (paddy, wheat, maize,
sorghum, pearl
millet, barley
and ragi), 5
pulses (gram, tur, moong, urad, lentil), 7 Oilseeds
(groundnut,
rapeseed-mustard, soyabean,
seasmum, sunflower, safflower,
nigerseed), and
4 commercial
crops (copra,
sugarcane,
cotton and raw
jute).
|
Through
Price sup-
port Scheme
(PSS) operations, farmers are assured to get
minimum
guaranteed
price in case
the market
price of that
particular
commodity
falls below
the MSP
|
i)Farmers– MSP for the specific commodity is fully paid to the farmers, in case the prices rule below the MSP.
(ii) Central Agencies – Losses incurred to the central agencies are fully reimbursed by the Government of India. Besides, service charges @ 2.5%
on the procurement cost for Copra and 1.5% for oilseeds, pulses & cotton
are also paid to the central agencies.
(iii) State /Primary Agencies – The difference between MSP and Ruling Price along with all expenses up to the storage points are paid to the State agencies by Central agencies/Government of India. Besides, 1% service charge at the ex-godown cost is also paid.
|
Whom to Contact
Source: Department of Agriculture, Cooperation and Farmers Welfare
Last Modified : 7/30/2024
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