Modi Cabinet Gives Farm Sector a Boost with Insurance Schemes and Fertiliser Subsidies
In a significant move to support farmers, PM Modi's cabinet has extended farm insurance schemes and increased fertiliser subsidies to cushion the impact of climate change and rising global prices. This decision is expected to provide relief to farmers struggling with crop damage and income losses due to unprecedented weather events. The farm insurance schemes will provide financial protection to farmers, while the increased fertiliser subsidies will help reduce input costs and improve crop yields. With the global agricultural market facing uncertainties, this boost to the farm sector is likely to have a positive impact on India's food security and rural economy. The government's efforts to support farmers through initiatives like farm insurance and subsidies are a step in the right direction, and are expected to contribute to the growth of the agricultural sector. Key initiatives like these are crucial for the development of the farm sector, and will help India achieve its goal of doubling farmers' incomes. The move is also seen as a measure to mitigate the effects of climate change on agriculture, and to ensure that farmers are equipped to deal with the challenges of sustainable farming.
