January 1, 2025 4:27 PM

Cabinet approves continuation of PM Fasal Bima Yojana, weather crop insurance scheme

The Union Cabinet on Wednesday approved the continuation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather-Based Crop Insurance Scheme (RWBCIS) until 2025-26, with an overall outlay of Rs. 69,515 crore for the period 2021-22 to 2025-26. The decision aims to provide crucial risk coverage for crops affected by non-preventable natural calamities, benefiting farmers across the country. The Cabinet has also approved the establishment of the Fund for Innovation and Technolo...