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Cabinet approves New Crop Insurance Scheme – Pradhan Mantri Fasal Bima Yojana – A boost to the farming sector

News and Press Release - Dated:- 13-1-2016 - The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has approved the Pradhan Mantri Fasal Bima Yojana - a path breaking scheme for farmers welfare. The highlights of this scheme are as .....

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o be paid by farmers are very low and balance premium will be paid by the Government to provide full insured amount to the farmers against crop loss on account of natural calamities. ii) There is no upper limit on Government subsidy. Even if balance .....

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ng has now been removed and farmers will get claim against full sum insured without any reduction. iv) The use of technology will be encouraged to a great extent. Smart phones will be used to capture and upload data of crop cutting to reduce the dela .....

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