Prime Minister Narendra Modi announced on Wednesday that the government’s first decision of the New Year is dedicated to farmers. The Union Cabinet, under his leadership, approved an enhanced allocation for the crop insurance scheme and increased subsidies for a key fertilizer.
Sharing the announcement on X, he stated, “The first decision of the New Year is dedicated to the millions of farmer brothers and sisters in our country. We have approved increasing the allocation for the crop insurance scheme, which will provide greater security to farmers’ crops.”
Additionally, the Cabinet extended a one-time special package for Di-Ammonium Phosphate (DAP) fertilizer to ensure it remains affordable for farmers.
The Cabinet also approved the continuation of the ‘Pradhan Mantri Fasal Bima Yojana’ and the Restructured Weather Based Crop Insurance Scheme through 2025-26, with a total outlay of ₹69,515.71 crore for the period from 2021-22 to 2025-26.
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