NCAER Report on Estimating the economic benefits of Investment in Monsoon Mission

Union Minister of Science and Technology released the National Council of Applied Economic Research (NCAER) Report on “Estimating the economic benefits of Investment in Monsoon Mission and High Performance Computing (HPC) Facilities”. “

Daily Current Affairs Quiz 2020

Key-Points

A total of Rs. 1000 crores has been invested in setting up National Monsoon Mission(NMM) and High performance Computing (HPC) facilities by Government of India.

76% of the livestock owners are using weather information for taking decisions on modification of shelter; vaccination against seasonal disease; and fodder management. 82% of fishermen reported using Ocean State Forecast (OSF) advisories every time before venturing into sea.

The total annual economic benefits to the 1.07 Crore Below Poverty Line (BPL) agricultural households works out to be Rs. 13,331 Crores and incremental benefit over the next five years is estimated to be about Rs. 48,056 Crores for the farming community.

Annual income gained by 53 Lakh BPL fisher households is estimated to be Rs. 663 Crores and the present value of benefits accruing to fisher-folk works out to be Rs. 2,391 Crores over a period of 5 years.

With an initial investment of Rs. 1,000 Crores, NMM and HPC facilities result in a 50-fold increase in its economic benefits. Derived estimated benefits realized by the women works out to be Rs. 13,447 Crores, which is 26.6 percent of the total benefit.