PMFBY Current Affairs, GK & News

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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HDFC Bank launches Shaurya KGC Card

The largest private sector bank in the country, HDFC Bank, launched ‘Shaurya KGC (Kisan Gold Credit) Card, a loan product for the armed forces. This is the first-of-its-kind scheme meant for the army personnel in the country and is based on the Kisan Credit Card guidelines of the government. Details of the Shaurya KGC Card ..

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‘Mukhya Mantri Kisan Sahay Yojana’ launched in Gujarat, replacing PMFBY

The Gujarat government has launched the ‘Mukhya Mantri Kisan Sahay Yojana’ as a temporary replacement of the Pradhan Mantri Fasal Bima Yojana for a year. The main reason has been cited as the high premiums quoted by insurance firms in the state. Reason for this Decision Though the farmers are being benefitted due to the ..

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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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Providing Better linkages and Reducing risks for the farmer

As the government committed itself to double the farmer’s income by 2022, the concept of farmers income has taken the centre stage in policymaking. This marks a departure from the age-old tradition wherein farm output was at the centre stage. Steps taken by the government for providing better linkages and reducing risks for the farmer ..

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