MoU signs with UNDP for strategic partnership on Agriculture, Crop Insurance and Credit

Tags: National News

The Ministry of Agriculture and Farmers Welfare and United Nations Development Program have signed a Memorandum of Understanding.

  • Under this UNDP will provide technical support towards Centre’s aspirational Pradhan Mantri Fasal Bima Yojana scheme (PMFBY) and Kisan Credit Card - Modified Interest Subvention Scheme.

  • UNDP will support the Ministry of Agriculture for the implementation of combined agricultural credit and crop insurance. 

  • While farmers paid a twenty one thousand crore rupees premium under PMFBY, they have received more than one lakh fifteen thousand crore rupees as compensation.

  • Under the Kisan Credit Card scheme, extensive efforts are being made to give benefits to those farmers who were not able to take advantage of the scheme earlier.

  • About The United Nations Development Programme (UNDP) 

  • It is the leading agency of the United Nations.

  • It works to eradicate poverty and reduce inequality in 170 countries and territories.

  • It helps countries to develop policies, leadership skills, partnering abilities, institutional capabilities, and to build resilience to achieve the Sustainable Development Goals. 

  • Its work is concentrated in three focus areas; sustainable development, democratic governance and peace building, and climate and disaster resilience.

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