In a bid to increase the production, productivity and income of the farming sector, Government is implementing the Rashtriya Krishi Vikas Yojana (RKVY), National Food Security Mission (NFSM), National Horticulture Mission (NHM), Integrated Scheme of Oilseeds, Pulses and Maize (ISOPOM), besides others through State Governments.
Government, under these schemes, is emphasizing to ease and reliable access to inputs such as quality seeds, fertilizers, pesticides, irrigation, suitable technology, extension services, support infrastructure and innovative marketing system.
Further, to ensure remunerative price, Government announces Minimum Support Price (MSP) for agricultural commodities every year. National Policy for Farmers, 2007 also has provisions to improve economic viability of farming.
Since 2009-10, Government has been providing 1% interest subvention to farmers who repay loans on time. This subvention was increased to 2% in 2010-11 and 3% in 2011-12. Thus, effective rate of interest on crop loan up to Rs.3 lakh for farmers who repay on time has come down to 4% per annum.