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Ministry of Agriculture & Farmers signs MoU with UNDP

Published on May 14, 2022
Current Context: A Memorandum Of Understanding signed between the United Nations Development Programme & Ministry of Agriculture in which UNDP will help in streamlining the technical support for Pradhan Mantri Fasal Bima Yojana & Kisan Credit Card Subvention Scheme.
Ministry of Agriculture & Farmers signs MoU with UNDP
  • As per the MoU, UNDP will provide its expertise in systems and global support for the implementation of credit & crop insurance.
  • Apart from that, UNDP will also facilitate capacity development, education & proper communication support so that it will benefit the interest of small and marginal farmers women croppers, etc.
  • Previously UNDP has provided technical assistance for 4 years which produced good results.
  • As PMFBY and KCC have shown tremendous results in the entire farming community over the past few years, MoAFW wanted to reach out to all those farmers who could not take the benefits of the scheme earlier.
  • Both of the schemes were implemented pan-India uniformly and have provisions to cover all crops. which makes it more appealing for all stakeholders as well as for the farming community.
  • According to recent data 21,000/- crore premium under PMFBY have been dispersed to farmers and more than 1.15 lakh crore received as compensation.
  • Static Part:
    • PMFBY: Crop Insurance Scheme launched on 13th Jan 2016
    • Kisan Credit Card Subvention Scheme: Provides short term loans to farmers under subsidized rates,
    • Came into force with effect from 2006-07
    • Implemented by NABARD & RBI


Q.1 Recently Ministry of Agriculture partnered with one of the following organizations for technical support in credit & crop insurance schemes?
a. United Nations

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