Cabinet approved the extension of PM Fasal Bima Yojana, a weather-based crop insurance scheme till 2025-26.
Government has decided to extend the timeline of the PM Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme till 2025-26.
The overall outlay of the scheme has been increased to 69 thousand 515 crore rupees.
Under this scheme, 88 per cent of insured farmers are small and marginal farmers. 57 per cent of insured farmers are from OBC, SC, and ST.
Union Cabinet has approved the extension of One-time Special Package on Di-Ammonium Phosphate (DAP) fertilizers beyond the Nutrient Based Subsidy.
The government has also approved the proposal to extend the Special Package till further orders to ensure sustainable availability of DAP at affordable prices to the farmers.
The farmers will continue to get DAP at one thousand 350 rupees per bag of 50 Kilogram.
It will ensure the DAP availability to farmers at subsidized, affordable and reasonable prices.
PM Fasal Bima Yojana was launched on 18 February 2016.
