IASFY

Consider the following funds:
1. Hydrogen Corpus Fund
2. National Adaptation Fund for Climate Change
3. National Investment Fund
Which of the above funds are in operation currently?
(a) 1 and 2only
(b) 2 and 3 only
© 1 and 3 only
(d) 1, 2 and 3
Ans: (d) 1, 2 and 3
The Hydrogen Corpus Fund, with an outlay of Rs 296 crore, will be deployed by ministry of petroleum and natural gas to find multiple pathways for hydrogen production. The National Adaptation Fund for Climate Change, with a corpus of Rs 350 crore, will be deployed in areas of climate action and resilience. The National Investment Fund parks proceeds from disinvestment.

Question 1: Consider the following statements:

In the space of two decades since 2000-1 to 2020-21, from being half of manufactured exports, services exports have drawn level.
Agricultural exports too have grown much faster in the last decade (68 per cent) than manufactured exports (22 per cent).
Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer-(c) Both 1 and 2

In the financial year 2020-21, services exports clocked $ 206 billion as against $ 208 billion for manufactured exports. At the turn of the century, in 2000-01, services export was just fifty per cent of the manufactured exports. Agricultural exports too have grown much faster in the last decade (68 per cent) than manufactured exports (22 per cent). #

Making agriculture profitable should be done along with focus on sustainable agriculture. National Mission for Sustainable Agriculture (NMSA) is expected to meet both the ends, “making agriculture profitable along with sustainable agriculture.

The Government has adopted several developmental programmes, schemes, reforms, and policies that focus on higher incomes for the farmers. All these policies & programmes are being supported by higher budgetary allocations, non-budgetary financial resources such as creating Corpus Funds like Micro Irrigation Fund etc. Read more about this current affairs.

Making Agriculture Profitable

Farmer’s take pain for our gain
“Under Atma Nirbhar Bharat special attention is being paid for the creation of infrastructure for which “ Agri Infrastructure Fund (AIF) has been created with a size of Rs. 100,000 crore.”

Formation And Promotion Of 10,000 FPOs

There have been several reforms to unleash the potential, e.g. Formation and Promotion of 10,000 FPOs along with necessary financial support under Atma Nirbhar Package (Agriculture).

Agri Infrastructure Fund (AIF) Facility

Under Atma Nirbhar Bharat special attention is being paid for the creation of infrastructure for which “ Agri Infrastructure Fund (AIF) has been created with a size of Rs. 100,000 crore. Other special initiatives include Supplementary Income transfers under PM-KISAN; Pradhan Mantri Fasal Bima Yojna (PMFBY); Pradhan Mantri Krishi Sinchai Yojana (PMKSY); Increase in Minimum Support Price (MSPs) for all Kharif & Rabi Crops ensuring a minimum of 50 per cent of profit margin on the cost of production, Bee-Keeping ; Rashtriya Gokul Mission; Blue Revolution; Interest Subvention Scheme; Kisan Credit Card (KCC) that now offers production loan to even dairy & fishery farmers besides agricultural crops, etc.

National Mission for Sustainable Agriculture (NMSA)

For environmental sustainability, National Mission for Sustainable Agriculture (NMSA) has been launched in the year 2014-15 which aims to evolve and implement strategies to make Indian agriculture more resilient to the changing climate.

Adoption of Drone technologies

The adoption of Drone technologies in agriculture has the potential to revolutionize Indian agriculture. In order to make Drone technology affordable to the farmers and other stakeholders of this sector, financial assistance @ 100 % cost of drone together with the contingent expenditure is extended to ICAR/SAU/ State governments/ State government Institutions under Sub-Mission on Agricultural Mechanization (SMAM) for its demonstration on the farmer’s fields.

Expected question

Do you feel agriculture has been made profitable in India? Throw light on the issue taking into consideration schemes and actions taken by the government.

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