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Inclusive Growth and Issues Arising From It Lesson-5 Presented By: Roman Saini
In This Lesson Inclusive Growth Policy Initiatives
Inclusive Growth Inclusiveness Through Agriculture Development Irrigation for all villages The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) aims to ensure access to some means of protective irrigation to all agriculture farms in the country within a time frame of 5 years(2015-16 to 2019-2020). The scheme aims to: a) achieve convergence of investments in irrigation at the field level b) expand cultivable area under assured irrigation (Har khet ko pani) c) improve on farm water use efficiency to reduce wastage of water d) enhance adoption of precision irrigation and other water saving technologies e) enhance recharge of aquifiers f) explore feasibility of reusing treated municipal based water for peri-urban agriculture towards sustainable water conservation practices g) attract greater private investment in precision irrigation systems.
Inclusive Growth Agriculture Credit The Government introduced the Kisan Credit Card (KCC) Scheme, for issue of KCC to farmers for uniform adoption by the banks, so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs. To bring small, marginal, tenant farmers, oral lessees, etc. into the fold of institutional credit, Joint Liability Groups (JLGs) have been promoted by banks An interest subvention scheme for short term crop loans up to Rs. 3.00 lakh. The scheme provides interest subvention of 2% per annum to Banks on use of their own resources. National Bank for Agriculture and Rural Development (NABARD) raised market borrowing for short-term borrowings at prevailing market rate of interest.
Inclusive Growth Price Stabilization Fund .Government has established a price stabilization fund with a corpus of hefty Rs. 500 cr. Perishable agri-horticulture commodities will be procured directly from farmers or farmers' organizations right at the farm gate or mandi levels and be made available at reasonable prices to consumers . National Agriculture Market (NAM) .A pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities. This platform can solve the perennial problem of middlemen eating away a major chunk of profits due to lack of market availability to farmers .
Inclusive Growth E-Mandi .E-Mandi is an electronic market platform to sell the vegetables online at the best prices, for both the retailers and the whole sellers by providing a convenient way to keep the transparency in the whole marketing system. The regulated markets across the country will be integrated with the common e-platfornm .This common e-platform provides farmers and traders like retailers and wholesalers with access to opportunities for purchasing or selling of agricultural commodities at the most favourable prices in a transparent manner across the country. With this, the chances of farmers being fooled by the marketers can be done away with. Apart from this, the private markets will also be allowed access to the e-platform thereby increase its outreach
Inclusive Growth Farm Insurance Pradhan Mantri Fasal Bima Yojana (PMFBY) provides comprehensive risk coverage from pre-sowing to post harvest losses due to non-preventable natural risks. Farmer has to pay maximum premium of 2% for Kharif, 1.5% for Rabi food & oilseed crops and 5% for annual commercial/horticultural crops and remaining part of the actuarial/bidded premium is shared equally by the Centre and State Government. . Soil Health Scheme Aims at promoting Integrated Nutrient Management (INM) through judicious use of chemical fertilisers including secondary and micro nutrients in conjunction with organic manures and biofertilizers for improving soil health and its productivity; Strengthening of soil and fertiliser testing facilities to provide soil test based recommendations to farmers for improving soil fertility
Inclusive Growth MSMEs in the Inclusive Growth Performance and Credit Rating Scheme The purpose of rating scheme is to provide a trusted third party opinion on the capabilities and creditworthiness of the micro & small enterprises (MSEs) so as to create awareness amongst MSEs about the strengths and weakness of their existing operations. This provides them an opportunity to improve and enhance their organizational strengths and credit worthiness, so that they can access credit at cheaper rates and on easy terms. Development of Khadi, Village and Coir Industries Revamped Scheme of Fund for Regeneration of Traditional Industries Aims to organize the traditional industries and artisans into clusters in order to make them, competitive and provide support for their long term sustainability. To provide sustained employment for traditional industry artisans and rural entrepreneurs. .
Inclusive Growth Coir Vikas Yojana (CVY) The Scheme envisage a wide range of activities like skill development of artisans, mahila coir yojana, for modernization, upgradation and establishing a new unit under Coir Industry Technology Upgradation Scheme (CITUS), It also promotes, the domestic as well as export market, providing of trade and industry related functional support services, and welfare of coir workers. . . A Scheme for promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE) Create new jobs and reduce unemployment .Promote entrepreneurship culture in India .Boost Grassroots economic development at district level Facilitate innovative business solution for unmet social needs, and Promote innovation to further strengthen the competitiveness of the MSME sector .
Inclusive Growth Social Sector Development Stand up India This scheme was recently launched to boost the spirit of entrepreneurship among the most vulnerable groups of the society. The specific groups are Scheduled caste, scheduled tribes and women. Under the umbrella of this scheme every single branch of a public sector bank is asked to support one entrepreneur each from women and SC/St. category . Green Business Scheme: The scheme has been started by National Scheduled Castes Finance and Development Corporation (NSFDC), with the aim of promoting green businesses to support sustainable livelihoods of Scheduled Castes and Safai Karamcharis. Sanitary Mart Scheme Launched in 2014-15, under the scheme, loans are provided to up to Rs. 15 Lakhs to Safai Karamcharis for construction of toilets/ bio-degradable toilets.
Inclusive Growth Inclusive Health Care Ayushman Bharat for a new India -2022 Creation of 1,50,000 Health and Wellness Centres which will bring health care closer to the homes of the people. . Will provide a cover of up to Rs. 5 lakhs per family per year, for secondary and tertiary care hospitalization Help reduce catastrophic expenditure for hospitalizations, which impoverishes people and will help mitigate the financial risk arising out of catastrophic health episodes.