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Agri Ministry Open To Take Pro-Farmer Changes In PMFBY: Centre

PMFBY has been facilitating adaptation of crop Insurance, while addressing several challenges on the way

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Union Ministry of Agriculture and Farmers Welfare is open to taking pro-farmer changes in Pradhan Mantri Fasal Bima Yojana (PMFBY) in response to the recent climate crisis and rapid technological advances, said Manoj Ahuja, Secretary, Agriculture and Farmers Welfare.

"Since farming is exposed directly to such climatic catastrophes, it is important and critical to protecting the vulnerable farming community of the country from the vagaries of nature, he said.

As a result, demand for crop insurance is likely to increase and therefore we need much more emphasis on crop and other forms of rural/agricultural insurance products to provide sufficient insurance protection to the farmers in India," added Ahuja.

He further said PMFBY has been facilitating the adaptation of crop Insurance, while addressing several challenges on the way and pointed out that the major changes made in the revamped scheme were giving more flexibility to states for coverage of risks under the scheme and making the scheme voluntary for all farmers to meet the long-standing demand of the farmers.

He also clarified that some states have opted out of the scheme primarily due to the inability to pay their state share of premium subsidy due to financial constraints.

He noted that post resolution of their issues, Andhra Pradesh joined back the scheme from July 2022 onwards and it is expected that the other states are also considering joining the scheme to provide comprehensive coverage to their respective farmers.

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farmers ministry of agriculture