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Farm insurance scheme gets extension by Centre
Hindustan Times Jammu
|January 02, 2025
The Union Cabinet on Wednesday announced extension of two major farm welfare schemes, namely "Pradhan Mantri Fasal Bima Yojana" and Restructured Weather Based Crop Insurance Scheme as well the one-time special package on Di-Ammonium Phosphate (DAP) beyond the NBS subsidy at the rate of ₹3,500 per MT for the period from January 1 this year till further orders.
NEW DELHI:
Prime Minister Narendra Modi hailed the measures soon after they were announced.
"(Govt's) first decision of the New Near is dedicated to crores of farmer brothers and sisters of our country. We have approved increasing the allocation for crop insurance scheme. This will provide more security to farmers' crops and will also mitigate their concerns about any damage," the PM said in a post on X.
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