Crop insurance scheme PMFBY to touch an all time high this fiscal

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Enrollment in India's crop insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), is expected to increase by 23% this fiscal year, reaching a record high of 37.5-40.0 million farmers. The scheme aims to provide financial support to stabilize farmers' incomes, particularly during periods of patchy rainfall caused by phenomena like El Nino. Despite delayed monsoon and below-normal rains in August, September has seen normal rainfall.

from Agriculture-Economy-News-Economic Times https://ift.tt/n6VT0Hs

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