New Delhi: The Pradhan Mantri Fasal Bima Yojana (PMFBY) has been strengthened further, allowing state governments to notify crop losses caused by wild animal attacks as an add-on insurance cover, the Centre informed Parliament on Monday. Comprehensive Risk Coverage Under PMFBY Introduced during the 2016–17 agricultural season, PMFBY provides comprehensive…
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PMFBY Escrow Active in 20 States by Kharif 2025
The Government of India has implemented the Escrow Account mechanism under the revised Pradhan Mantri Fasal Bima Yojana (PMFBY) Operational Guidelines, 2023 from the Kharif 2025 season. The mechanism requires states and Union Territories to commit their liabilities in advance by depositing their share of premium subsidy into an Escrow…