Current Affairs · Agricultural Insurance Schemes and Subsidies
Evaluate the following statements regarding the financial and operational extension of India's flagship crop insurance schemes and related agricultural subsidies: 1. The Pradhan Mantri Fasal Bima Yojana (PMFBY) and RWBCIS have been extended until FY26 to align with the 15th Finance Commission period, featuring a heightened total allocation of ₹69,515 crore for FY22-FY26. 2. A specialized one-time package of ₹3,850 crore has been approved to subsidize di-ammonium phosphate (DAP) and stabilize its retail price at ₹1,350 per 50 kg bag. 3. The additional financial burden resulting from the DAP fertilizer subsidy package will be shared equally between the central and state governments. 4. An allocation of ₹824.77 crore has been approved for the Fund for Innovation and Technology (FIAT) to integrate technology into these flagship crop insurance schemes. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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1, 2, and 4 only
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