'Kisan Rin Portal' Launched
- 20 Sep 2023
On 19th September, 2023, India’s Finance Minister and Agriculture Minister launched the 'Kisan Rin Portal'. This portal aims to provide subsidized loans to farmers under the Kisan Credit Card (KCC) scheme, bringing a revolutionary change to the country's agriculture sector.
Key Points
- Purpose of Kisan Rin Portal: The Kisan Rin digital platform offers comprehensive insights into farmer data, scheme utilization progress, loan disbursement details, and interest subvention claims.
- The goal is to enhance integration with banks for more efficient agricultural credit.
- Government Disbursement: According to official data, the Indian government disbursed agricultural credit of around Rs 6,573 crore at a subsidized interest rate during April-August in the current fiscal year.
- Door-to-Door Campaign: The door-to-door campaign aims to extend KCC benefits to non-KCC holders who are beneficiaries of the central scheme PM-KISAN.
- Under this scheme, the government provides Rs 600 annually to beneficiaries' bank accounts.
- Enhancing WINDS Initiative: The Ministry intends to enhance the impact of the Weather Network Data Systems (WINDS) initiative.
- Launched in July, WINDS uses advanced weather data analytics to provide stakeholders with actionable insights for informed decisions in agriculture.
- The portal offers comprehensive guidance to stakeholders for better understanding of its functionalities and data interpretation.
- It empowers farmers, policymakers, and agricultural entities to make well-informed decisions.
- The portal also shares information about the ministry's parametric crop insurance scheme and non-scheme parametric insurance programs for crop risk mitigation and disaster risk reduction.
