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Government boosts crop insurance with Rs 69,515 crore for farmers till 2026

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BJP leaders at meeting to finalize Delhi's Chief Minister

Prime Minister Narendra Modi today announced a significant increase in the government’s commitment to supporting farmers through enhanced crop insurance. The Cabinet approved a proposal to continue the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) until 2025-26 with an overall budget of Rs 69,515.71 crore.

In a tweet, Prime Minister Modi dedicated this decision to the country’s farmers, highlighting that the increased allocation would not only improve crop safety but also reduce farmers’ concerns over potential losses due to natural calamities. “The first decision of the new year is dedicated to our country’s farmers. We have approved the increased allocation for crop insurance, which will further safeguard their crops and reduce their worries about losses,” Modi tweeted, sharing the press release from the Government of India.

The initiative, which covers the risk of crop loss from unavoidable natural disasters, will benefit farmers nationwide. In addition to the increased funding, the Cabinet also approved the establishment of a Fund for Innovation and Technology (FIAT) with a corpus of Rs 824.77 crore. This fund will be used to implement technological advancements such as the YES-TECH and WINDS programs, aimed at improving transparency, claim calculations, and settlement processes.

Key features of the new initiative

  1. PMFBY and RWBCIS Continuation: The schemes, which aim to provide financial support to farmers affected by natural calamities, will run until 2025-26.
  2. Technological Infusion: The government will invest in cutting-edge technologies to enhance the accuracy of yield estimates and the speed of claims settlement. YES-TECH, for example, uses Remote Sensing Technology for yield estimation with a focus on a minimum 30% weightage based on technology. Currently, nine states, including Uttar Pradesh, Maharashtra, and Tamil Nadu, are implementing YES-TECH.
  3. Weather-based Data Systems: The WINDS initiative aims to expand the network of weather stations to provide hyper-local weather data crucial for farmers. Automatic Weather Stations (AWS) will be installed at the block level, and Automatic Rain Gauges (ARG) will be set up at the panchayat level. This initiative is currently being implemented in nine major states, including Kerala and Karnataka.
  4. North Eastern States Priority: The center will continue to prioritize farmers in the North Eastern states, offering a 90% subsidy on premium costs. However, due to the voluntary nature of the scheme and low gross cropped area, the states will have flexibility in reallocating funds for other developmental projects.

Impact on Farmers

This move is expected to provide relief to farmers dealing with unpredictable weather conditions and natural disasters. The infusion of technology is expected to streamline claims processes, making them more efficient and transparent. Moreover, the central government’s support through premium subsidies will ensure wider coverage for farmers, particularly in regions like the North East, where agricultural challenges are more pronounced.

The initiative also aims to address the needs of farmers in rural areas who may have limited access to traditional insurance schemes. By providing a more accessible and reliable system, the government aims to mitigate the financial risks that farmers face, allowing them to focus on productivity rather than the unpredictability of weather and natural calamities.

This announcement is part of the government’s broader efforts to ensure that farmers remain financially protected against the increasing challenges posed by climate change and other environmental factors.

The scheme’s wider implementation across the country reflects the government’s ongoing commitment to supporting agriculture and rural economies.

For more information, check the official press release here.

India News

Supreme Court flags risk of lawlessness, pauses FIRs against ED officers in Bengal case

The Supreme Court paused FIRs against ED officers in the Bengal I-PAC raid case, warning that obstruction of central probes could lead to lawlessness and seeking responses from the Centre and state.

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Supreme Court

The Supreme Court on Wednesday delivered a sharp rebuke to the Mamata Banerjee-led West Bengal government, pausing FIRs lodged against officers of the Enforcement Directorate over searches linked to political consultancy I-PAC. The court said the case raises serious questions about interference in investigations and warned that failure to address them could lead to “lawlessness”.

A bench of Justice Prashant Mishra and Justice Vipul Pancholi sought replies from the Ministry of Home Affairs, the Department of Personnel and Training, Chief Minister Mamata Banerjee and the Trinamool Congress government on the ED’s plea. The central agency has also sought the suspension of Bengal Director General of Police Rajeev Kumar and Kolkata Police Commissioner Manoj Kumar Verma, and a probe by the CBI. The matter will be heard next on February 3.

The ruling follows a standoff between the ED and the Bengal government after the agency conducted searches at premises linked to I-PAC, which manages election campaigns for the Trinamool Congress, in connection with a corruption case.

Court questions obstruction of central probes

Recording its prima facie view, the Supreme Court said the petition raised a “serious issue” concerning investigations by central agencies and possible obstruction by state authorities.

“There are larger questions which emerge and if not answered shall lead to lawlessness. If central agencies are working bona fide to probe a serious offence, a question arises: Can they be obstructed by party activities?” the bench observed.

Earlier in the day, the court also expressed disturbance over scenes of chaos in the Calcutta High Court during a hearing related to the same dispute.

ED alleges interference, seeks action against top cops

The Enforcement Directorate accused the West Bengal administration of interfering with its searches and investigation. Appearing for the agency, Solicitor General Tushar Mehta alleged that evidence was removed from the residence of an I-PAC co-founder and argued that such actions could encourage state police officers to aid and abet obstruction. He sought suspension of senior police officials.

Describing the disruption in the Calcutta High Court on January 9, Mehta called it “mobocracy”, saying a group of lawyers unconnected to the case disrupted proceedings, forcing an adjournment. The bench asked whether the high court had been turned into a protest site, to which Mehta responded that messages had circulated calling lawyers to gather at a specific time.

Banerjee’s counsel defends move, cites election confidentiality

Senior advocate Kapil Sibal, appearing for Mamata Banerjee, questioned the timing of the ED’s presence in Bengal ahead of Assembly elections. He said the last development in the coal scam case dated back to February 2024 and argued that I-PAC handled election-related work under a formal contract with the Trinamool Congress.

According to Sibal, election data stored at the premises was confidential and critical to campaign strategy. He said the party leadership had a right to protect such information.

Representing the Bengal government and the DGP, senior advocate Abhishek Singhvi referred to the January 9 disruption but argued it could not justify parallel proceedings in different courts. The bench responded that emotions “cannot go out of hand repeatedly”.

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Shashi Tharoor warns US tariffs on Iran could make Indian exports unviable

Shashi Tharoor has warned that cumulative US tariffs linked to Iran trade could rise to 75%, making most Indian exports to America commercially unviable.

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Shashi Tharoor

Congress MP and chairman of the Standing Committee on Foreign Affairs Shashi Tharoor has expressed serious concern over the United States’ latest tariff announcement targeting countries that continue to trade with Iran, warning that such measures could severely impact Indian exporters.

Reacting to the decision by US President Donald Trump to impose a 25% tariff on countries doing business with Iran, Tharoor said Indian companies would struggle to remain competitive if cumulative tariffs rise to 75%. He noted that India was already at a disadvantage compared to several regional competitors.

Tharoor said he had been troubled by the US tariff regime from the outset, pointing out that India was initially subjected to a 25% tariff while rival exporting nations in Southeast Asia were charged significantly lower rates. According to him, countries such as Vietnam, Thailand, Indonesia, Pakistan and Bangladesh faced tariffs ranging between 15% and 19% on labour-intensive goods exported to the US.

He explained that the situation had worsened with additional sanctions-linked duties. With the existing 25% tariff, another 25% related to Russia-linked sanctions, and a further 25% tied to Iran-related measures, the total burden could rise to 75%. At that level, Tharoor said, most Indian exports would no longer be commercially viable in the American market.

While noting that certain sectors such as pharmaceuticals may continue to export as they are not heavily impacted by sanctions, he warned that other key export categories would be hit hard. Tharoor described the situation as very serious and said it required urgent attention.

The Congress MP also expressed hope that the newly appointed US Ambassador could help facilitate progress on a bilateral trade agreement. He stressed that India could not afford to wait through the entire year for a deal and said an agreement should ideally be concluded in the first quarter of 2026.

Commenting on recent diplomatic engagements between India and the US, Tharoor underlined the need for faster consensus on trade issues. He said that at tariff levels as high as 75%, the idea of a meaningful trade deal loses relevance. According to him, a rate closer to what the UK enjoys with the US, around 15%, would reflect the respect due to a strategic partner.

Tharoor’s remarks come after President Trump announced that any country continuing business with Iran would face a 25% tariff on all trade with the United States, a move that has raised concerns among several trading partners.

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Indian Army symbolizes selfless service and duty, says PM Modi on Army Day

PM Narendra Modi on Army Day praised the Indian Army as a symbol of selfless service and unwavering duty, saluting the courage and sacrifice of its soldiers.

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On the occasion of Army Day, Prime Minister Narendra Modi on Thursday paid tribute to the Indian Army, describing its soldiers as a symbol of selfless service who protect the nation with unwavering resolve, even in the most challenging circumstances.

In a message shared on social media platform X, the prime minister said the country salutes the courage and steadfast commitment of Indian Army personnel. He noted that their dedication to duty inspires confidence and gratitude among citizens across the country.

“Our soldiers stand as a symbol of selfless service, safeguarding the nation with steadfast resolve, at times under the most challenging conditions,” PM Modi said. He added that the nation remembers with deep respect those who have laid down their lives while serving the country.

Army Day is observed every year on January 15 to commemorate a historic moment in India’s military history. The day marks the appointment of Field Marshal K M Cariappa as the first Indian Commander-in-Chief of the Indian Army in 1949, when he took over from British officer General Sir F R R Bucher.

The occasion serves as a reminder of the Indian Army’s role in defending the country’s sovereignty and honour, as well as the sacrifices made by its personnel in the line of duty.

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