Modi Government's Robust Support for Farmers: A New Year's Assurance

The Narendra Modi government reaffirms its commitment to farmers with subsidies and insurance schemes. On January 1, 2025, Union Home Minister Amit Shah announced a Rs 3,850 crore subsidy to make DAP affordable and extended crop insurance. A technological innovation fund was also approved at Rs 824.77 crore.

The Narendra Modi government has started the new year with a strong message of support for farmers, according to Union Home Minister Amit Shah. On the first day of 2025, the administration promised continued assistance akin to a 'protective shield'.

A key announcement from the Union Cabinet includes a one-time subsidy package worth Rs 3,850 crore for fertiliser DAP, aimed at stabilizing costs for farmers amid fluctuating international prices. Furthermore, the Cabinet approved a one-year extension of two crucial crop insurance schemes to provide security against potential crop loss.

Additionally, Shah revealed that a Fund for Innovation and Technology (FIAT), costing Rs 824.77 crore, was sanctioned to drive advancements in agricultural practices. The comprehensive set of measures underscores the government's dedication to maintaining a viable and resilient agricultural sector.

(With inputs from agencies.)