Junior Science Refresher this is science magazine in india Published this article page no 73 STEPS TAKEN SO FAR Sector Measures announced Fiscal Support to farmers During the lockdown fiscal support was provided to farmers through Minimum Support Price (MSP) Pradhan Mantri Kisan Samman Nidhi (PM KISAN) fund Transfer and PM Fasal Bima Yojana. Liquidity Support to Farmers & Rural Economy NABARD has provided refinancing worth Rs. 29500 crore to Cooperative Banks & Regional Rural Banks in March 2020. Support of Rs. 4200 crore will be provided under Rural Infrastructure Development Fund (RIDF) to States during March 2020 in order to build rural infrastructure. o Government of India created the RIDF in NABARD in 199596 with an initial corpus of Rs. 2000 crore. The fund was created to finance activities that come under Agriculture and related sector Social sector and rural connectivity. Direct Support to Farmers & Rural Economy Provision of 3 months loan moratorium given by Government. Interest Subvention and Prompt Repayment Incentive on crop loans due from 1st March had been extended to 31st May 2020. o Under the scheme banks were asked to provide an Interest Subvention of 2% and a Prompt Repayment Incentive of 3% on crop loans up to 3 lakhs. About 25 lakh new Kisan Credit Cards (KCC) have been sanctioned with a collective loan limit of Rs. 25000 crore. Animal Husbandry Sector Demand of Milk reduced by 2025% which indirectly created a supply glut. For instance 560 Lakh litre per day (LLPD) was procured by cooperatives against daily sale of 360 LLPD. To overcome this issue o A total 111 Crore Litres extra were procured during the crises ensuring a payment of Rs 4100 Cr. to the producers. o A new scheme has been launched to provide interest subvention at 2% per annum to dairy cooperatives for 202021 Fisheries Sector Extension in validity of various registrations and import permits. Increasing flexibility in accessing quarantine facilities and providing time relaxation for additional procedural checks due to COVID19 junior science refresher magazine buy.
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