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- According to two officials , the government intends to spend Rs 30,000 crore to expand the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal into a comprehensive platform that will extend insurance coverage beyond crops to include assets such as ponds, tractors, animals, and palm trees.
- The AIDE app, which was introduced in July, will drive this project, making crop insurance more accessible and convenient for farmers.
- Through this app, insurance intermediaries will not only enrol farmers for crop insurance, but also extend coverage to 40 million farmers for non-subsidized schemes.