Union Cabinet has approved the continuation of PM Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme till 2025-26.
Briefing media after the Cabinet meeting in New Delhi today, Information and Broadcasting Minister Ashwini Vaishnaw said that the overall outlay of the scheme has been increased to 69 thousand 515 crore rupees. He said, under the scheme 88 per cent of insured farmers are small and marginal farmers.
Mr Vaishnaw added that 57 per cent of insured farmers are from OBC, SC, and ST. The Minister said that in the last eight years, claims of one lakh 70 thousand crore rupees have been given to farmers. Mr Vaishnaw said, the first Cabinet meeting of 2025 was dedicated to farmers.