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Business Strategy

Green push: Govt revamps crop cover scheme, prunes premium subsidy

The authorities on Wednesday introduced that it would lessen its share in high quality subsidy for the flagship crop insurance plan scheme — PM Fasal Bima Yojana (PMFBY) — to 30 per cent and twenty five per cent, respectively, for unirrigated and irrigated crops from the current 50 per cent for major States, even as it produced the crop protection go over voluntary for farmers.

On the other hand, the Central share in the high quality subsidy would be improved to ninety per cent for the north-eastern States, stated Agriculture Minister Narendra Singh Tomar, just after a Cabinet assembly below.

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Business Consultant

Coverage under PM crop insurance scheme has increased: Central Government

The Centre has claimed that coverage below Pradhan Mantri Fasal Bima Yojana (PMFBY) has improved to 30 per cent of the gross cropped area (GCA) from 23 per cent in 2015-16 below the earlier techniques. The Ministry of Agriculture and Farmers Welfare advised the Rajya Sabha very last 7 days that it was incorrect to say that non-public coverage companies experienced made windfall gains below the scheme.

The Ministry extra that the rise in coverage was due to the fact of the improved characteristics of the scheme. “Participation of non-loanee farmers, for whom the scheme is voluntary, have also improved

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