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

Jannie Delucca

The government on Wednesday declared that it would lower its share in high quality subsidy for the flagship crop insurance policy scheme — PM Fasal Bima Yojana (PMFBY) — to 30 per cent and twenty five per cent, respectively, for unirrigated and irrigated crops from the present 50 per cent for main States, even as it manufactured the crop defense protect voluntary for farmers.

On the other hand, the Central share in the high quality subsidy would be elevated to ninety per cent for the north-japanese States, reported Agriculture Minister Narendra Singh Tomar, following a Cupboard conference in this article.

The Minister reported the Cupboard Committee on Financial Affairs, which also achieved on Wednesday, determined to allocate ₹6,865 crore to established up ten,000 farmer producer organisations (FPOs) about the upcoming couple of years. A overall budgetary provision of ₹4,496 crore will be manufactured involving 2019-20 and 2023-24 towards these FPOs,

Read More