Continuation of Pradhan Mantri Fasal Bima Yojana (PMFBY) & RWBCIS till 2025-26

Key Points: - Objective: Provide crop insurance coverage against non-preventable natural calamities for farmers across India - Cabinet Approval: January 1, 2025 by Union Cabinet chaired by PM Modi - Budget: Overall outlay of Rs 69,515.71 crore for 2021-22 to 2025-26 - FIAT Fund: Fund for Innovation and Technology (FIAT) created with corpus of Rs 824.77 crore - Technology Components: YES-TECH (Yield Estimation System using remote sensing) and WINDS (Weather Information Network with automatic weather stations at block level) - Beneficiaries: All farmers across India growing notified crops in notified areas - Premium: 2% for Kharif crops, 1.5% for Rabi crops, 5% for commercial/horticulture crops (balance paid by Centre and State) - North Eastern States receive enhanced 90% central subsidy share - Voluntary participation allows fund reallocation in lower-participation regions

मुख्य बिंदु: - उद्देश्य: देश भर के किसानों को गैर-रोकथाम योग्य प्राकृतिक आपदाओं से फसल बीमा कवरेज प्रदान करना - कैबिनेट मंजूरी: 1 जनवरी 2025 को प्रधानमंत्री मोदी की अध्यक्षता में - बजट: 2021-22 से 2025-26 के लिए कुल 69,515.71 करोड़ रुपये का परिव्यय - FIAT कोष: नवाचार एवं प्रौद्योगिकी कोष (FIAT) 824.77 करोड़ रुपये के कॉर्पस के साथ - प्रौद्योगिकी घटक: YES-TECH (उपज अनुमान प्रणाली) और WINDS (मौसम सूचना नेटवर्क) - लाभार्थी: अधिसूचित क्षेत्रों में अधिसूचित फसलें उगाने वाले सभी किसान - प्रीमियम: खरीफ फसलों के लिए 2%, रबी के लिए 1.5%, वाणिज्यिक/बागवानी के लिए 5% - उत्तर-पूर्वी राज्यों को 90% केंद्रीय अनुदान

• Continuation of PMFBY and RWBCIS approved on 1 January 2025 with overall outlay of Rs 69,515.71 crore for 2021-22 to 2025-26
• Fund for Innovation and Technology (FIAT) created with corpus of Rs 824.77 crore for technology adoption
• Technology: YES-TECH (Yield Estimation using remote sensing) and WINDS (Weather Information Network with automatic weather stations at block level)
• Premium: 2% for Kharif crops, 1.5% for Rabi crops, 5% for commercial/horticulture crops with balance paid by Centre and State
• North Eastern States receive enhanced 90% central subsidy share; voluntary participation allows fund reallocation
• Beneficiaries: All farmers growing notified crops in notified areas across India