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Agriculture News : Prime Minister Inaugurated ‘Krishi Unnati Mela’

Hon’ble Prime Minister Shri Narendra Modi inaugurated ‘Krishi Unnati Mela’- the National Level Agriculture Fair-cum- Exhibition in New Delhi today. On inauguration day, the prestigious National level ‘Krishi Karman Awards’ for the Best performing States of the year 2014-15 were presented to 8 State Governments, which were received by the Chief Minister of respective states.

Three states were also be given commendation awards for total food grains production. The purpose of these awards is to encourage and motivate the states to enhance production and productivity of rice, wheat, pulses and coarse cereals and oilseeds.

With the initiative of Hon’ble Prime Minister, a new scheme PM Fasal Bima Yojana has been approved for implementation across the country. An allocation of Rs. 5500 crore has been made in the Budget 2016-17 under Pradhan Mantri Fasal Bima Yojana which was Rs. 3185 crore in previous budget. There is an increase of about 73 % in this scheme.

Salient Features of PM Fasal Bima Yojana were discussed are as follows: 1. This is the biggest financial support till date by the Central Government in Crop Insurance, while farmers will now have to pay the lowest premium till date for availing Crop Insurance.
2. Farmers will get full financial security – there will be no capping on the premium rates and no reduction in the sum insured.
3. For the first time, risks of post-harvest losses due to cyclone and unseasonal rainfall have been included for coverage across the country.
4. For the first time, mobile and satellite technology will be used for correct estimation and quick payment of claims to farmers.