Crop Insurance Current Affairs, GK & News

National Climate Vulnerability Report

The Department of Science and Technology recently launched the National Climate Vulnerability Report. According to the report, eight Eastern States in the country are highly vulnerable to climate change. They are Mizoram, Bihar, West Bengal, Arunachal Pradesh, Chhattisgarh, Odisha, Jharkhand and Assam. Key Findings of the report The report has developed state level “vulnerability indices” ..

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PMFBY: Govt allocates Rs16000 crore for 2021-22

The Central government has allocated Rupees 16,000 crores for the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the upcoming fiscal year 2021-22. Key Facts This allocation was done in order to boost the safety of farmers’ crops. The amount will also ensure that maximum benefit of crop insurance reaches to the farmers. The budgetary amount has ..

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YSR Free Crop Insurance Scheme

The Chief Minister of Andhra Pradesh YS Jagan mohan Reddy recently launched the YSR free Crop Insurance Scheme. Under the scheme 1,252 crores of rupees has been credited into the bank accounts of 9.48 lacs of farmers as crop insurance. Background The YSR free Crop Insurance Scheme was one of the promises made by Jagan ..

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Pradhan Mantri Fasal Bhima Yojana reviewed

On July 13, 2020, Finance Minister Nirmala Sitaraman reviewed Pradhan Mantri Fasal Bhima Yojana. Highlights The Minister reviewed the journey of Pradhan Mantri Fasal Bhima Yojana since 2016. The scheme will now on focus on leveraging technologies. The scheme is expected to migrate towards technology by 2023. A survey is to be conducted after Rabi ..

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Union Cabinet approves Revamping of PM Fasal Bima Yojana and RWBCIS schemes to address challenges

On February 19, 2020, the Union Cabinet approved revamping of challenges in insurance schemes such as Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS). Highlights The following changes are to be undertaken in the crop insurance schemes The time period for an insurance company to work under the scheme ..

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