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PM Crop Insurance: Area Reduced by 5.60 Lakh Hectares, Premium Increased by Rs 1088 Crore

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The area under the PM crop insurance scheme has been reduced by 5.60 lakh hectares, while the premium has been increased by Rs 1088 crore. The changes were made in the recently concluded budget session.

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PM Crop Insurance: Area Reduced by 5.60 Lakh Hectares, Premium Increased by Rs 1088 Crore

The area under the PM crop insurance scheme has been reduced by 5.60 lakh hectares, while the premium has been increased by Rs 1088 crore. The changes were made in the recently concluded budget session. The move is expected to have a significant impact on farmers who rely on the scheme for financial support. The government has not provided a clear explanation for the reduction in area and increase in premium.

Sources