CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which State Government launched 1st of its kind scheme, ‘Balaram’ to provide agricultural credit of Rs 1, 040 crore to landless farmers facing hardships during COVID 19?
A
Rajasthan
B
Bihar
C
Odisha
D
Telangana
Explanation: 

Detailed explanation-1: -Odisha Balaram Yojana is the first of its kind initiative to provide agriculture loan in the country. Through this program, field level agricultural workers will get a loan of about Rs 1, 040 crore.

Detailed explanation-2: -Under the specially designed scheme launched in July 2020, the State government had set a target to cover around seven lakh landless cultivators in three years by linking them to banks for short-term credit facilities.

Detailed explanation-3: -BALRAM (Bhoomihina Agriculturist Loan & Resources Augmentation Model) is a scheme for sharecroppers and Bhoomihina/ landless farmers of the state. Through the Odisha Balaram Yojana, the government is providing credit support and loan support for the farmers.

Detailed explanation-4: -In order to ensure that all eligible farmers are provided with hassle free and timely credit for their agricultural operation, Kisan Credit Card (KCC) scheme was introduced in 1998-99.

Detailed explanation-5: -Pradhan Mantri Fasal Bima Yojana – It is an actuarial premium based scheme. Neem Coated Urea – This is to regulate the use of urea. Pradhan Mantri Krishi Sinchai Yojana – This is a scheme to take care of irrigation requirements of farming. Parampragat Krishi Vikas Yojana – This scheme is to promote organic farming.

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