With a few states including Jharkhand and Telangana opting to rejoin the Pradhan Mantri Fasal Bima Yojana (PMFBY), the number of farmers under the subsidised insurance cover touched a record 40 million last fiscal, up 27% on year. Official sources said the PMFBY beneficiaries would increase at a similar pace in FY25 too.
According to agriculture ministry officials, Gujarat and Bihar which had earlier exited the scheme, citing ‘high cost of premium subsidy,’ are discussing modalities to…
Read More…