- A central sector program is the Pradhan Mantri Fasal Bima Yojana.
- Prime Minister Narendra Modi introduced the Pradhan Mantri Fasal Bima Yojana on February 18, 2016.
- An investment of Rs 30,000 crore has been approved by the Union Cabinet’s Economic Affairs Committee to expand the scheme’s webpage.
- With this sum, a large range of agricultural assets other than crops are now covered by the insurance.
- The principal aim of this endeavour is to convert the program into an all-encompassing platform that would provide supplementary insurance protection to crops, encompassing an extensive array of agricultural assets such ponds, tractors, animals, and palm trees.
- This program will help 40 million farmers using the new AIDE app.
