Question

Government of India had introduced various institutions. Explain.

Answer 1

Institutional Reforms

i. A Comprehensive Land Development Programme was initiated.

ii. Provision of crop insurance against drought, floods, cyclone, fire and disease.

iii. Establishment of Gramin Banks, Cooperative Societies and Banks for providing loan facilities to the farmers at lower rates of interest.

iv. Kissan Credit Card (KCC) introduced.

v. Accident Insurance Scheme (PAIS) introduced.

vi. The government announced Minimum Support Price, remunerative and procurement prices to reduce exploitation.