New Delhi: The United Nations Improvement Programme (UNDP) and Absolute, bioscience firm, have signed a Memorandum of Understanding (MoU) to strengthen the central authorities’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) and improve the resilience of farmers.
The partnership goals to spice up the implementation of the PMFBY and the Restructured Climate Based mostly Crop Insurance coverage Scheme (RWBCIS) by constructing technical capabilities of the scheme and digitalizing service supply of crop insurance coverage and agricultural credit score processes to extend attain and uptake of the schemes.
It’ll additionally promote credit score profiling of farmers, agri-entrepreneurs, and Farmer Producers Organizations (FPOs), for correct crop loss evaluation and threat analysis to mobilize agriculture financing.
UNDP and Absolute will use superior know-how and data-driven options to facilitate farmland identification and improve farm monitoring, R&D, and analytical capabilities to facilitate data-driven policymaking and fraud analytics, guaranteeing environment friendly and clear supply of presidency assist to weak farmers.
India’s agriculture produce is especially weak to climate fluctuations, pest assaults, erratic rainfall, and humidity. These components result in decrease yields and hit revenue of farmers annually. India misplaced 33.9 million ha of cropped space between 2015 and 2021 as a consequence of floods and extra rains and 35 million ha as a consequence of drought.
“We’re witnessing an rising development of local weather pushed yield losses in agriculture. This partnership with UNDP is a robust step ahead in mitigating this rising threat sample which might doubtlessly affect over 120 million farmers throughout the nation,” mentioned Agam Khare, founder and CEO of Absolute. “This initiative is in step with our imaginative and prescient to reimagine what’s attainable in agriculture by intersecting core plant science with know-how. It will assist us transfer one step nearer to realize our aim of empowering farmer communities & making agriculture local weather resilient.”
UNDP has been working with the Ministry of Agriculture and Household Welfare since 2018. In 2022, UNDP’s technical assist unit on the ministry helped attain out to 1.71 crore farmers by way of numerous data, schooling, and communication (IEC) campaigns akin to Crop Insurance coverage Week and arranged greater than 2.39 lakh crop insurance coverage classroom periods.
The crop insurance coverage scheme provides threat safety by offering monetary assist to farmers struggling crop loss or injury arising out of those unexpected occasions, thus stabilizing their revenue, encouraging them to undertake modern and trendy agricultural practices and guaranteeing the move of credit score to the agriculture sector for meals safety, crop diversification and enhancing progress and competitiveness of agriculture sector.
“Threat is an inherent a part of agriculture and is among the largest roadblocks in bettering the lives of farmer communities in India. This collaboration is a vital step in direction of strengthening the chance and credit score ecosystem for agriculture in India. UNDP India is dedicated to working with the federal government and companions to assist farmers in India rise with resilience”, mentioned Amit Kumar, head, Sustainable and Inclusive Development, UNDP India.
The infusion of know-how by way of this partnership may also facilitate a sturdy credit score move to the agriculture sector, thereby strengthening meals safety, crop diversification, enhanced progress, and competitiveness of the agriculture sector in India.
UNDP has been working in India since 1951 in nearly all areas of human growth. Along with the Indian authorities and growth companions, it really works in direction of eradicating poverty, decreasing inequalities, strengthening native governance, enhancing neighborhood resilience, defending the surroundings, supporting coverage initiatives and institutional reforms, and accelerating sustainable growth for all.
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Up to date: 18 Jul 2023, 01:01 PM IST
Supply: Live Mint