Centre to bear 90% crop insurance for northeast farmers

GUWAHATI: Union minister Parshottam Rupala today said the Centre will share 90 per cent premium subsidy for the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the northeastern states.
The Union minister of state for agriculture and farmers welfare said this after attending a review meeting of central sector and centrally sponsored schemes held at the Administrative Staff College here.
Taking forward the ongoing crop insurance awareness campaign for Pradhan Mantri Fasal Bima Yojana (PMFBY) during the Crop Insurance Week across the country, Rupala said PMFBY aims to provide security cover to each farmer. He added that the central government will share premium subsidy for PMFBY upto 90 per cent for the northeastern states from the existing sharing pattern of 50:50.
"Prime Minister Narendra Modi's vision is to provide financial security to the farmers of India from vagaries of nature and to secure their hard work. Schemes like PMFBY will provide insurance coverage and financial support to the farmers in events of failure due to natural calamities, pests and diseases and also stabilize the income of farmers to ensure their continuance in farming," the minister said.
Rupala also highlighted the various other central schemes for the farmers like Pradhan Mantri Kisan Yojana and hiking MSP (minimum support price) for various products which has immensely helped the farmers in the country.
Assam agriculture minister Atul Bora said state agriculture department is giving a fresh push towards development of the sector.