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

India strikes terror camps in Pakistan and PoK in response to Pahalgam killings; flights at 13 northern airports cancelled till May 10.
Read More....
PM Modi calls space a symbol of curiosity and unity at Global Space Conference 2025.
Read More....
India-UK free trade deal finalized, aiming for $34 billion trade by 2040.
Read More....
India’s co-working space to grow to 125 million sq. ft. by 2027; five IPOs to raise ₹7,000 crore. Hindi:
Read More....
CM Stalin to lead May 10 rally supporting armed forces, condemning Pakistan’s actions.
Read More....
SECL hosts first ‘Sneh Milan Mela’ in Chhattisgarh to strengthen ties with local communities.
Read More....
World Red Cross Day to be observed on May 8 to honor humanitarian efforts worldwide.
Read More....
India rolls out chip-based e-passports for secure and biometric global travel.
Read More....
First geothermal well in Northeast drilled in Arunachal to power eco-friendly agricultural solutions.
Read More....
Brazil to host 2027 Women’s World Cup; Maracana among 8 FIFA-announced venues.
Read More....