Pradhan Mantri Fasal Bima Yojana

India has risen to be the world’s fourth-largest economy by GDP. Yet among roughly 200 countries, it ranks about 142nd in GDP per capita.

Maharashtra topped crop insurance claims under the government's flagship scheme with ₹18,920 crore for 28.3 million farmers, followed by Rajasthan and Karnataka. The data underscores the farm sector's vital role in supporting livelihoods despite industrial growth in these states.

On Wednesday, the Cabinet approved the continuation of PMFBY with an outlay of ₹69,516 crore for the five years to 2025-26. For large-scale technology diffusion, it approved a fund with a corpus of ₹825 crore.