Meghalaya extends 100% subsidy in crop insurance premium for farmers

Meghalaya extends 100% subsidy in crop insurance premium for farmers

Daily Current Affairs / Meghalaya extends 100% subsidy in crop insurance premium for farmers

Change Language English Hindi

Category : State Published on: June 10 2023

Share on facebook

The Meghalaya government has extended 100 pecent subsidy for premium support to farmers under the crop insurance scheme 'Pradhan Mantri Fasal Bima Yojana' for both kharif and rabi seasons this fiscal year.
The Government of Meghalaya has decided to provide free premium support amounting to Rs. 4.4 crores, covering both Kharif and Rabi seasons during 2023-24, whereby the premium for the farmers shall be paid by the State Government to an extent of 100% of the premium amount.
The move comes as the state says its vision is to have a farmer-centric approach in devising a strategy to protect them from crop failure risks.
Pradhan Mantri Fasal Bima Yojana (PMFBY), the crop insurance scheme was implemented in Meghalaya in 2016. Its main objective is to provide financial assistance to farmers suffering from crop damage or loss because of natural calamities or events.

Recent Post's

R. Praggnanandhaa wins UzChess Cup Masters 2025 and becomes top-ranked Indian chess player.
Read More....
Meesho gets shareholder approval to raise ₹4,250 crore via IPO after shifting domicile to India.
Read More....
IPS officer Parag Jain appointed new RAW chief; played key role in Operation Sindoor.
Read More....
ICC updates powerplay rules for shortened T20 matches effective from July 2025.
Read More....
Power Ministry forms task force to develop 'India Energy Stack' for digital power infrastructure.
Read More....
MNRE issues revised guidelines for Biomass Programme to promote clean energy adoption.
Read More....
CBSE to hold Class 10 board exams twice a year from 2026 session; first phase mandatory, second optional.
Read More....
NATO agrees to increase defence spending target to 5% of GDP by 2035 at The Hague summit.
Read More....
India and South Africa sign agreements on submarine cooperation during defence talks.
Read More....
Odisha wins women’s title in first Hockey India Masters Cup; Tamil Nadu enters men’s final.
Read More....