Informative

Telangana Budget 2024: State government to cover full premium cost for farmers' crop insurance

Update / Judgement Date

25 Jul 2024

Source

CNBC TV18

Author

Team — WCP Legal Desk

Reading Time

1 min read

InsurancePSU's AND Govt. Undertakings

Telangana's 2024 budget includes an increase in the state’s contribution to the Pradhan Mantri Fasal Bima Yojana (PMFBY), the national crop insurance scheme. The state will cover the full premium cost for farmers, ensuring better financial protection against crop failures. This move aims to reduce the burden on farmers and increase their participation in the scheme. Telangana's approach addresses issues such as low insurance coverage and high premiums, with the goal of improving agricultural sustainability and farmer welfare.

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Telangana Budget 2024: State government to cover full premium cost for farmers' crop insurance

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