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The Agriculture Ministry announced that Andhra Pradesh has decided to rejoin the Pradhan Mantri Fasal Bima Yojana (PMFBY). When\ Andhra Pradesh decided to opt out, it had mentioned four reasons: first, the scheme should be voluntary; second, states should be given options to choose risk; third, the scheme should be universal, and the cut-off date for enrollment should be flexible; and fourth, the state should be given option to use their own database of E-crop, an application used by the AP government to collect information about crops. All these issues have been resolved now. Pradhan Mantri Fasal Bima Yojana provides a comprehensive insurance cover against failure of the crop thus helping in stabilizing the income of the farmers. The prescribed premium is 2% to be paid by farmers for all Kharif crops and 1.5% for all rabi crops. In the case of annual commercial and horticultural crops, the premium is 5%. Ministry: Ministry of Agriculture & Farmers Welfare Launch Year: 2016
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