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Economy

Glossary Terms

Agriculture: Productivity, Land Reforms, Finance, Marketing, Food Security, Food Processing

Paper I · Unit 2 Section 11 of 11 0 PYQs 26 min

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Glossary Terms

Term (EN) Definition Exam Relevance
MSP (Minimum Support Price) Government floor price for 23 crops to protect farmers CACP annually
CACP Body recommending MSP; under Ministry of Agriculture 1965
APMC State-regulated mandi system for agricultural marketing State Acts
e-NAM Online trading platform integrating 1,361 mandis Launched 2016
HYV Seeds High Yielding Variety seeds at the core of Green Revolution 1960s CIMMYT
Green Revolution Agricultural transformation using HYV, fertilizers, irrigation 1960s–70s
Zamindari Abolition Elimination of intermediary land rights post-independence 1952–56
Land Ceiling Maximum land any individual/family can hold Varied by state
Benami Transaction Holding property in another's name to evade legal limits Banned 1988/2016
KCC (Kisan Credit Card) Revolving crop loan at 4% interest Launched 1998
NABARD Apex institution for agricultural/rural finance Est. 1982
NFSA (National Food Security Act) Legal entitlement to subsidised food for 81.35 crore 2013
PMFBY Crop insurance scheme with low farmer premium Feb 2016
PMKSY (Kisan Sampada) Food processing infrastructure umbrella scheme 2017
PM-KISAN Rs 6,000/year income support to farmer families Dec 2018
FPO Farmer Producer Organisation for collective marketing
FCI Government agency for grain procurement and distribution Est. 1964
TPDS Targeted Public Distribution System for subsidised food 1997
AIF (Agricultural Infrastructure Fund) Rs 1 lakh crore fund for post-harvest infrastructure 2020
RIDF NABARD fund for state-level rural infrastructure projects
Soil Health Card Free soil testing and fertiliser recommendation card 2015
POSHAN Abhiyaan National nutrition mission targeting child stunting and malnutrition 2018
Svamitva Scheme Property cards for rural household land rights 2020
PLI Food Processing Production Linked Incentive for food manufacturers 2021