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Govt plans ₹30,000 cr push to expand crop cover portal
Mint Mumbai
|October 23, 2023
Aim to include ponds, tractors, livestock and palm trees to make it a comprehensive platform
The government plans to earmark 30,000 crore to expand the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal into a comprehensive platform that will extend insurance coverage beyond crops to include assets such as ponds, tractors, livestock, and palm trees, two officials said.
This initiative will be driven by the AIDE app, launched in July, to ensure door-to-door enrolment, making crop insurance more accessible and convenient for farmers.
Through this app, insurance intermediaries will not only enrol farmers for crop insurance, but also extend coverage to 40 million farmers for non-subsidized schemes.
This story is from the October 23, 2023 edition of Mint Mumbai.
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