HomeNewsBusinessEconomyMaha govt plans to bring 70% farmers under crop insurance net

Maha govt plans to bring 70% farmers under crop insurance net

Speaking to reporters at Y B Chavan Center near Mantralaya here today, a senior official from state Agriculture Ministry said that at present only 30 percent of farmers are covered under crop insurance scheme Prime Minister Fasal Bima Yojana (PMFBY).

April 29, 2016 / 10:38 IST
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Considering three consecutive years of drought in Marathwada region and weak monsoon last year, the government is trying to bring more farmers under the crop insurance net to compensate them for failed crops.

Speaking to reporters at Y B Chavan Center near Mantralaya here today, a senior official from state Agriculture Ministry said that at present only 30 percent of farmers are covered under crop insurance scheme Prime Minister Fasal Bima Yojana (PMFBY).

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"The government intends to raise this target to 70 percent," he said.

The official added that there many small and marginal farmers, who were otherwise left out of the insurance net, will now be able to avail the insurance cover after paying the premium sums, which have been brought down considerably.