Skip to main content

Govt targets to double crop insurance coverage under Pradhan Mantri Fasal Bima Yojana

The scheme will be implemented in the country effective from April 1
Related Category: Sub Category:

Government is aiming to double the insurance coverage under crop insurance through Pradhan Mantri Fasal Bima Yojana (PMFBY) in next few years, a senior government official said.

The scheme will be implemented in the country effective from April 1.

"The government is targeting to double the crop insurance coverage in the country through Pradhan Mantri Fasal Bima Yojana in a couple of years," joint secretary ministry of agriculture and farmer's welfare Ashish Kumar Bhutani said while addressing an event organised by GIC Re.

"As of now, 23 per cent of the country's total farmer population is covered under various existing crop insurance schemes. However, the government is looking at taking it to more than 50 per cent through the PMFBY in next two years," he said.

As of now it is mandatory for the loanee farmers to go for crop insurance. However, the government's focus will be to bring more and more non-loanee farmers, which comprise merely 5 per cent of total farmers at present, under the scheme in future, he said. 

Votes with an average with

Related Story

Grundfos provides access to clean water in TN village
Grundfos provides access to clean water in TN village

In order to provide access to clean drinking water to more than 1,450 villagers residing in Maiyur panchayat in Kanchipuram district, Tamil Nadu, Grundfos, a global leader in advanced pump…

US$200 mn ADB loan to upgrade rural roads in Maharashtra
US$200 mn ADB loan to upgrade rural roads in Maharashtra

The Asian Development Bank (ADB) and the Government of India today signed a US$200 million loan to upgrade rural roads to all-weather standards in 34 districts of Maharashtra to improve road…

GramNet to connect all villages with Wi-Fi network
GramNet to connect all villages with Wi-Fi network

The Government today announced to provide Wi-Fi in all the villages through GramNet with connectivity between 10mbps to 100mbps speed. Delivering keynote address at the 36th Foundation Day…

The website encountered an unexpected error. Please try again later.