Union Minister Shivraj Singh Chouhan visited Trimbak in Nashik, Maharashtra, where he assured farmers that damages to their crops would be covered under the 'Crop Insurance Scheme'.
Chouhan, who is responsible for Agriculture, Farmers' Welfare, and Rural Development, emphasized that this new year is dedicated to farmers. He mentioned that historic decisions were made in a cabinet meeting led by Prime Minister Narendra Modi to support farmers.
The Union Cabinet approved the extension of a special package on Di-Ammonium Phosphate (DAP) to ensure its availability at affordable prices. The budget for this is approximately Rs 3,850 crore. Additionally, the Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme will continue until 2025-26 with a budget of Rs 69,515.71 crore.
To enhance transparency and efficiency, a Fund for Innovation and Technology (FIAT) with Rs 824.77 crore has been established. This fund will support technological initiatives like YES-TECH and WINDS.
A Union Minister is a person who is part of the central government of India and is responsible for specific areas like agriculture, education, or health. They help make important decisions for the country.
Shivraj Singh Chouhan is an Indian politician who has served in various important roles, including as the Chief Minister of Madhya Pradesh. He is currently a Union Minister.
Trimbak is a town in the Nashik district of Maharashtra, India. It is known for its religious significance and is a place where many farmers live.
The Crop Insurance Scheme is a program by the government to help farmers. If their crops get damaged due to bad weather or other reasons, the scheme helps them by giving money to cover their losses.
Prime Minister Modi refers to Narendra Modi, who is the current Prime Minister of India. He leads the government and makes important decisions for the country.
The Union Cabinet is a group of top government officials, including the Prime Minister and Union Ministers, who make important decisions for the country.
Di-Ammonium Phosphate is a type of fertilizer used by farmers to help plants grow better. It provides essential nutrients like nitrogen and phosphorus to the soil.
Pradhan Mantri Fasal Bima Yojana is a government scheme in India that provides insurance to farmers. It helps them recover from losses if their crops are damaged due to natural disasters.
This is a special fund set up by the government to support new ideas and technology. It aims to make processes like the Crop Insurance Scheme more efficient and transparent.
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