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Govt clears ₹69,515 cr crop insurance outlay
Mint Mumbai
|January 02, 2025
The cabinet promised to keep prices of DAP stable at ₹1,350 per 50kg bag
The Union cabinet has cleared a ₹69,515 crore outlay for crop insurance schemes and promised to keep prices of di-ammonium phosphate (DAP) fertilizer stable at ₹1,350 per 50kg bag with an additional support of up to ₹3,850 crore.
While approving the continuation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) until FY26 and the crop-insurance outlay, the government also announced the creation of a Fund for Innovation and Technology (Fiat) worth ₹824.77 crore.
The outlay for enhancing the PMFBY and RWBCIS will be used for technological integration to ensure faster settlement of claims and easier enrolment of farmers, said Union minister for information and broadcasting Ashwini Vaishnaw.
यह कहानी Mint Mumbai के January 02, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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