The Mukhyamantri Krishi Ashirwad Yojana was inaugurated by the Vice President Venkaiah Naidu and Chief Minister of Jharkhand Mr.Raghubar Das in 2019 in Jharkhand. The scheme has been devised to provide financial aid to farmers for their agricultural activities to facilitate a higher income and improve livelihood as well as help the growth of the agricultural sector.
This scheme has been implemented to provide Grant-in-aid for farmers by the Government. It has been implemented by the State of Jharkhand and is supposed to roll out in the financial year 2019- 2020.
The budget allocated by the State Government is Rs 2250 for the program under this scheme.
Under this scheme farmers owning land measuring about 1 acre to a maximum of 5 acres will receive financial aid. It is pertinent to mention that Rs 5000/- would be provided per acre every year, of agricultural land till the scheme is in operation. The maximum amount that would be meted out by the Govt is Rs.25000/- every year till the scheme is in operation.
The amount of financial aid will be directly transferred to the bank accounts of the eligible farmers. It provides the facility of Direct Benefit Transfer for smooth operation and implementation of the grant in aid.
The application process has been made completely online.
- To help farmers financially so that they can double their income by 2022.
- To help reduce the influence of ‘brokers’ or middlemen.
- To help buy agricultural materials like seeds, machines, etc.
- To help reduce the dependency of loans amongst farmers.