UNDP will provide responsive, demand-driven technical assistance for effective implementation of agriculture credit and crop insurance

The Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) wherein UNDP will provide technical support for Centre’s aspirational Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme & Kisan Credit Card – Modified Interest Subvention Scheme.

The MoU was signed in the presence of Union Minister of Agriculture Narendra Singh Tomar by CEO-PMFBY Ritesh Chauhan and UNDP Resident Representative Shoko Noda. Under the MoU, UNDP will leverage its expertise in systems and global know-how for supporting the Ministry of Agriculture in the implementation of combined agriculture credit and crop insurance. Union Minister of Agriculture for State Kailash Chaudhary and Secretary, Agriculture, Manoj Ahuja also witnessed the signing ceremony.

As per the MoU, UNDP will provide responsive, demand-driven technical assistance for effective implementation of agriculture credit and crop insurance, as well as providing capacity development and Information, Education & Communication (IEC) support to existing national and state institutions, keeping in mind the interest of small and marginal farmers, women farmers, sharecroppers, tenant and non-loanee farmers.

On this strategic partnership with UNDP, Tomar said, “Technical assistance provided by UNDP in the last four years has yielded good results. I am sure that through this partnership, we will obtain even better results in the implementation of crop insurance and agricultural credit schemes.”