Government of India launches three transformative initiatives for farmers, focusing on credit and insurance

Tags: National

The Government of India launched three transformational initiatives namely Kisan Rin Portal (KRP), Door-to-Door KCC Campaign and Weather Information Network Data System (WINDS) Manual aimed at revolutionizing agriculture in the country.

An Overview of the News

• Finance Minister Nirmala Sitharaman and Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar are responsible for launching these initiatives.

• These initiatives are designed to increase financial inclusion, streamline data usage, harness technology and enhance the livelihood of the farming community.

• They mainly focus on improving access to agricultural credit and crop insurance while keeping in mind the welfare of farmers.

Kisan Rin Portal (KRP):

• KRP is a digital platform developed in collaboration with multiple government departments.

• It aims to revolutionize access to credit services under the Kisan Credit Card (KCC) scheme.

• It provides a comprehensive view of farmer data, loan disbursement specifications, interest subvention claims and efficient agricultural loans.

Door to Door KCC Campaign:

• This campaign, known as Ghar-Ghar Kisan Credit Card (KCC) campaign, aims to extend the benefits of the KCC scheme to every farmer in India.

• It aims to achieve universal financial inclusion, ensuring that every farmer has uninterrupted access to credit facilities.

• As of March 2023, there were 7.35 crore active KCC accounts with a total sanctioned limit of Rs 8.85 lakh crore.

Weather Information Network Data System (WINDS):

• The initiative leverages advanced weather data analytics to provide stakeholders with actionable insights on weather conditions.