Agricultural Credit
Agriculture is a dominant sector of our economy and credit plays an important role in increasing agriculture production. Availability and access to adequate, timely and low cost credit from institutional sources is of great importance especially to small and marginal farmers. Along with other inputs, credit is essential for establishing sustainable and profitable farming systems. Most of the farmers are small producers engaged in agricultural activities in areas of widely varying potential. Experience has shown that easy access to financial services at affordable cost positively affects the productivity, asset formation, income and food security of the rural poor. The major concern of the Government is therefore, to bring all the farmer households within the banking fold and promote complete financial inclusion
Agriculture Insurance
At present four crop Insurance schemes namely Pradhan Mantri Fasal Bima Yojana (PMFBY), Restructured- Weather Based Crop Insurance Scheme(RWBCIS), Unified Package Insurance Scheme (UPIS) and Coconut Palm Insurance Scheme (CPIS) is being implemented in the country.
Erstwhile schemes of National Agriculture Crop Insurance Scheme(NAIS) and Modified National Agriculture Crop Insurance Scheme (MNAIS) have been replaced by Pradhan Mantri Fasal Bima Yojana (PMFBY).