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…
Tag: #PMFBY
News
Agri-Tech Startups Drive India’s Digital Farm Push
India is accelerating the adoption of agri-tech and digital agriculture through targeted incubation, generous drone subsidies, water-saving micro-irrigation, and a national Digital Agriculture Mission. The Department of Agriculture & Farmers’ Welfare (DA&FW) says the Innovation and Agri-Entrepreneurship Development programme under RKVY has nurtured thousands of startups while government schemes are…
News
Crop Damage, Insurance and India’s Agricultural Growth
Crop Damage, Insurance and India’s Agricultural Growth India’s agriculture sector showed resilience in 2025 despite hydro-meteorological shocks that affected an estimated 116.60 lakh hectares of cropped area across several States and UTs. The Centre and states have followed established disaster-management and crop-insurance mechanisms including SDRF/NDRF aid and Pradhan Mantri Fasal…
News
Shivraj Singh Orders Probe into ₹1 Crop Insurance Claims
Union Minister for Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan, has taken strong exception to reports of farmers receiving meagre crop insurance claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY). In a high-level meeting held in Delhi, he directed immediate investigations into cases where claims as low as…