Centre To Announce Credit And Insurance Packages For Farmers Tomorrow; All You Need To Know

By Carolyne Adalla On Sep 18, 2023

The highlights of the launch include a Kisan Rin Portal (KRP) developed in collaboration with multiple government departments to provide access to credit services under the Kisan Credit Card (KCC) scheme.

Centre To Announce Credit And Insurance Packages For Farmers Tomorrow; All You Need To Know — Finance Minister Nirmala Sitharaman (Image: ANI)

New Delhi: Finance Minister Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar will launch a number of new initiatives on Tuesday that focus on agricultural credit and crop insurance for farmers. The Ministry of Agriculture & Farmers’ Welfare is launching these initiatives to revolutionize agriculture in India, with the goal of increasing financial inclusion, streamlining data usage, harnessing technology, and improving the lives of farmers, as per a report in the news agency IANS.

Kisan Rin Portal Launching Soon

The launch of the Kisan Rin Portal (KRP) is one of the highlights of the new initiatives. The KRP is a digital platform that provides farmers with access to credit services under the Kisan Credit Card (KCC) scheme. It was developed in collaboration with multiple government departments.

This digital platform offers a comprehensive view of farmers’ data, loan disbursement specifics, interest subvention claims, and scheme utilisation progress, fostering seamless integration with banks for more focused and efficient agriculture credit.

‘Ghar Ghar KCC Abhiyaan’: Details

A door-to-door campaign will be kicked off under the ‘Ghar Ghar KCC Abhiyaan’ to extend the benefits of the scheme to every farmer across India. This campaign aims to achieve universal financial inclusion, ensuring that every farmer has unhindered access to credit facilities.

The WINDS Manual, set to be unveiled during the event, extends the impact of the Weather Information Network Data Systems (WINDS) initiative. WINDS, an instrumental innovation, leverages advanced weather data analytics to provide the stakeholders with actionable insights on weather to make well-informed choices.

It also caters to parametric crop insurance scheme of DA&FW in addition to non-scheme parametric insurance programmes for crop risk mitigation and disaster risk reduction and mitigation being run by the Insurance industry. The event embodies the Government of India’s commitment to innovation and efficient service delivery for agriculture, aiming to sustain and double farmers’ income, the statement added.

(With inputs from IANS)

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