Published - 10 Oct 2024
The central government of India introduced this new scheme to promote the farming of medicinal plants. According to the Revised Central Sector Scheme introduced by the NMPB, it seeks to help farmers diversify their crops, increase their income and meet the rising demand for medicinal plants within and outside India.
This scheme provides the farmer with the required resources and support, such as finance, training, and market linkages, for successful participation in the medicinal plant sector.
The scheme provides subsidies of 50-75% on chosen plants for cultivation, thus making it cheaper for farmers to start growing them. The scheme also promotes group farming in the regions, where farmers form clusters to share resources and enhance profit margins.
The scheme mainly benefits the farmers, who obtain financial support to lower the cost of cultivating medicinally valued plants such as Aloe vera, Ashwagandha, Tulsi, and Neem.
Farmers also receive training under this scheme. Under such programs, they learn the best methods to grow, harvest, and manage medicinal plants. They learn new techniques such as organic farming and integrated pest management, which not only increase productivity but also maintain soil health.
Under this program, people are encouraged to grow medicinal plants on demand, which are gaining popularity locally and internationally. The training also focuses on eco-friendly farming practices that may reduce chemical application, thereby making medicinal plant farming friendly to the environment.
One of the key problems farmers face is market access. The scheme addresses this by providing a link between farmers and buyers and promoting value-added products. Farmers will be assisted with processing and packaging so they can produce oils, powders and other products that fetch a higher price than common produce. Processing sites will be set up at local levels, and farmers will be assisted with the processing of medicinal plants.
It is an avenue of financial incentives, but also, through research subsidized by the government, it allows farmers to experiment with new plant varieties. So, it opens fast-growing markets for Ayurveda and traditional medicine, which is in high demand worldwide. By growing medicinal plants, farmers can increase their income and contribute to the natural health sector.
Interested farmers can apply through their State Medicinal Plants Boards or directly on the National Medicinal Plants Board (NMPB) website. The process is clear, and guidance is provided at every step, from proposal submission to fund release.
This scheme provides a golden chance for farmers to enter into a profitable and sustainable business. The government benefits the farmers through easy finance, training, and proper market access, which would help them to excel in the medicinal plant business, thereby facilitating India's growing focus on natural health and wellness.
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