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SubjectsEconomySectors & DevelopmentChapter 6 — Agriculture6.4 Agricultural Credit, Insurance & MSP

Topic 6.4 · Economy · Agriculture

Agricultural Credit, Insurance & MSP

Agricultural Credit, Insurance & MSP is studied as part of "Agriculture" (Sectors & Development) in Economy. Agriculture employs nearly half of India's workforce; its reforms, credit, MSP and food security policies are exam favourites.

In the examination context, agricultural credit, insurance & msp carries conceptual questions that test both factual recall and analytical understanding. Revise this topic in sequence with the rest of the chapter so that chronological and thematic links are clear.

Important Facts

Kisan Credit Card
Short-term credit for farmers
Green Revolution
HYV seeds — food self-sufficiency
MSP
Minimum Support Price for major crops
NITI Aayog
Replaced Planning Commission in 2015

Key Points

  • Green Revolution — HYV seeds — food self-sufficiency
  • MSP — Minimum Support Price for major crops
  • NITI Aayog — Replaced Planning Commission in 2015
  • Kisan Credit Card — Short-term credit for farmers

Important Names

M.S. SwaminathanCharan SinghM.S. Subramaniam

Important Dates

2015NITI Aayog replaced the Planning Commission
1966First Green Revolution phase
Exam-Oriented Notes
  • »MSP is announced for 22 crops. The Green Revolution's father figure in India is M.S. Swaminathan.

Related topics

6.1 Features of Indian Agriculture6.2 Land Reforms & Tenancy6.3 Green Revolution & Food Security
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