PM Modi Releases PM-Kisan Instalment Worth Rs 18,880 Crore In Bengal
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
PM Modi released an installment of ₹18,880 crore under the PM-Kisan scheme and launched PMFBY coverage for West Bengal for the 2026-27 period.
Background
The PM-Kisan installment of ₹18,880 crore benefits over 9.44 crore farmers nationwide. The PMFBY coverage in West Bengal extends to nearly 50 lakh farmers across 14 lakh hectares of land for the 2026-27 period.
Facts for Prelims
- SchemePM-Kisan: A central scheme providing direct income support to eligible farmer families.
- SchemePMFBY: Pradhan Mantri Fasal Bima Yojana provides insurance coverage against non-natural and natural risks.
- SchemePMGSY-III: Pradhan Mantri Gram Sadak Yojana Phase III focuses on rural road connectivity.
- FactPMFBY coverage in West Bengal covers 14 lakh hectares of agricultural land for 2026-27.
For Mains
Q. Discuss how direct benefit transfers and crop insurance schemes contribute to the resilience of small and marginal farmers in India.
Dimensions to cover in your answer
- Credit accessibility: Bridging the gap between formal insurance coverage and high-risk smallholder farming units
- Fiscal sustainability: Balancing the expansion of direct subsidy schemes with long-term agricultural infrastructure investment
- Risk mitigation: Addressing the limitations of crop insurance in the face of erratic climate-induced yield losses
Keywords: Direct Benefit Transfer · Risk Mitigation · Agricultural Resilience · Income Support · Rural Infrastructure
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