New Delhi : In a landmark event today here, Union Finance Minister Nirmala Sitharaman & Union Agriculture Minister Narendra Singh Tomar unveiled initiatives focused on agri-credit (KCC & MISS) and crop insurance (PMFBY/RWBCIS).

The Ministry of Agriculture & Farmers Welfare launched three initiatives, namely the Kisan Rin Portal (KRP), KCC Ghar Ghar Abhiyaan, an ambitious campaign aiming to extend the benefits of the Kisan Credit Card (KCC) Scheme to every farmer across the nation and a manual on Weather Information Network Data Systems (WINDS).

These initiatives aim to revolutionize agriculture, enhance financial inclusion, optimize data utilization, and improve the lives of farmers across the nation.

Union Finance Minister Nirmala Sitharaman assured full cooperation of banks for the success of Ghar Ghar KCC Abhiyan. She said that the government under Prime minister Narendra Modi has allocated enough money under the KCC scheme to ensure easy short-term loans to farmers and their onboarding for the scheme.

The finance minister commended the Ministry of Agriculture for its initiatives and successful implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY). She said that over 1,40,000 crores of insurance amount has been disbursed to farmers so far against a premium amount of Rs. 29,000 crore. 

She also appreciated real time estimation for rice and wheat crop output and called for the estimation to be extended to Dalhan and Tilhan crops so that better planning can be done for their imports, if needed.

The finance minister said that real time estimation of crops will help the economy  and ensure right prices for farmers at the end of crop season. Sitharaman also called for full automation of regional rural banks and cooperative banks and directed the Department of Financial services to study the gap between loan sanction and loan disbursement for these banks.

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