Q3 Kishora is a small farmer practicing agriculture on 1 acre of land in Sultanpur village. How do you
think the following reforms have helped in improving his lot -
(a) Grameen Banks
(b) Minimum Support Price
(c) Crop Insurance.
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The government has initiated various schemes to support small farmers.
Explanation:
a) Grameen Banks allow farmers to access loans to grow crops. These banks give mobile-based agriculture loans, especially to small farmers.
b) MSP or Minimum Support Price is like market intervention presented by the government to help small farmers against a sudden fall in the prices.
c) The Crop Insurance program is initiated by the government to support farmers in case of any calamity of damage to their crops.
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