01 Read
What happened
A PIB factsheet consolidates India's agricultural achievements since 2014, highlighting record food grain production of 332 million tonnes in 2023-24, a rise in agricultural credit flow to ₹22.84 lakh crore in 2023-24, and expansion of MSP coverage. Allied sectors — fisheries, animal husbandry, and horticulture — received boosted allocations under schemes like PM Matsya Sampada Yojana (₹20,050 crore) and the Animal Husbandry Infrastructure Development Fund (₹29,610 crore).
02 Understand
Why it matters
This PIB factsheet is a consolidation document — it bundles scheme outlays, production records, credit targets, and institutional reforms under one roof, making it a high-density source for competitive exams.
At the core is India's shift from subsistence agriculture toward income-oriented farming policy. The government's stated target of doubling farmers' income drove the architecture of multiple flagship schemes: PM-KISAN (₹6,000/year direct benefit transfer to over 11 crore farmers), PM Fasal Bima Yojana for crop insurance, and the eNAM platform for digital market integration.
The allied sectors angle is especially important. Fisheries output crossed 17.5 million tonnes, making India the third-largest fish-producing nation globally. PM Matsya Sampada Yojana, launched in 2020 with an outlay of ₹20,050 crore over five years, is the largest ever investment in the fisheries sector. Animal Husbandry Infrastructure Development Fund (AHIDF) at ₹29,610 crore targets private investment in dairy and meat processing.
On credit, the Kisan Credit Card scheme has been extended to animal husbandry and fisheries farmers — a structural expansion beyond its traditional crop-loan mandate. Agricultural credit flow target for 2023-24 was ₹20 lakh crore (actual disbursement: ₹22.84 lakh crore, exceeding target).
For NABARD aspirants: NABARD is the apex refinancing institution for agricultural credit, and these credit flow numbers are directly linked to its annual policy targets. Understanding scheme-wise outlays, implementing ministries, and beneficiary counts is essential because NABARD Grade A papers routinely blank out one of these three parameters.
At the core is India's shift from subsistence agriculture toward income-oriented farming policy. The government's stated target of doubling farmers' income drove the architecture of multiple flagship schemes: PM-KISAN (₹6,000/year direct benefit transfer to over 11 crore farmers), PM Fasal Bima Yojana for crop insurance, and the eNAM platform for digital market integration.
The allied sectors angle is especially important. Fisheries output crossed 17.5 million tonnes, making India the third-largest fish-producing nation globally. PM Matsya Sampada Yojana, launched in 2020 with an outlay of ₹20,050 crore over five years, is the largest ever investment in the fisheries sector. Animal Husbandry Infrastructure Development Fund (AHIDF) at ₹29,610 crore targets private investment in dairy and meat processing.
On credit, the Kisan Credit Card scheme has been extended to animal husbandry and fisheries farmers — a structural expansion beyond its traditional crop-loan mandate. Agricultural credit flow target for 2023-24 was ₹20 lakh crore (actual disbursement: ₹22.84 lakh crore, exceeding target).
For NABARD aspirants: NABARD is the apex refinancing institution for agricultural credit, and these credit flow numbers are directly linked to its annual policy targets. Understanding scheme-wise outlays, implementing ministries, and beneficiary counts is essential because NABARD Grade A papers routinely blank out one of these three parameters.
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