Govt aims 40% sown area under insurance cover in 2017-18
At present, crops are being insured under two schemes: Restructured Weather Based Crop Insurance Scheme (RWBCIS) and Pradhan Manthri Fasal Bima Yojana (PMFBY).
The government is aiming to bring 40 per cent of gross sown area of 194.4 million hectare under crop insurance schemes in 2017-18 season beginning July.
In 2016-17 crop year, about 26.28 per cent or 51.1 million hectare of gross area under crops was insured.
At present, crops are being insured under two schemes: Restructured Weather Based Crop Insurance Scheme (RWBCIS) and Pradhan Manthri Fasal Bima Yojana (PMFBY). The PMFBY was launched last year.
"In first year of the implementation of the PMFBY, a substantial progress has been achieved. In 2017-18, the target for insured area is set at 40 per cent gross cropped area, which translates to 77.6 million hectare," a senior Agriculture Ministry official told
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)