'Kisan Rin Portal' Launched

• 20 Sep 2023

On 19^th September, 2023, India’s Finance Minister and Agriculture Minister launched the 'Kisan Rin Portal'. This portal aims to provide subsidized loans to farmers under the Kisan Credit Card (KCC) scheme, bringing a revolutionary change to the country's agriculture sector.

Key Points

• Purpose of Kisan Rin Portal: The Kisan Rin digital platform offers comprehensive insights into farmer data, scheme utilization progress, loan disbursement details, and interest subvention claims.
• The goal is to enhance integration with banks for more efficient agricultural credit.
• Government Disbursement: According to official data, the Indian government disbursed agricultural credit of around Rs 6,573 crore at a subsidized interest rate during April-August in the current fiscal year.
• Door-to-Door Campaign: The door-to-door campaign aims to extend KCC benefits to non-KCC holders who are beneficiaries of the central scheme PM-KISAN.
• Under this scheme, the government provides Rs 600 annually to beneficiaries' bank accounts.
• Enhancing WINDS Initiative: The Ministry intends to enhance the impact of the Weather Network Data Systems (WINDS) initiative.
• Launched in July, WINDS uses advanced weather data analytics to provide stakeholders with actionable insights for informed decisions in agriculture.
• The portal offers comprehensive guidance to stakeholders for better understanding of its functionalities and data interpretation.
• It empowers farmers, policymakers, and agricultural entities to make well-informed decisions.
• The portal also shares information about the ministry's parametric crop insurance scheme and non-scheme parametric insurance programs for crop risk mitigation and disaster risk reduction.