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.