The Pradhan Mantri Fasal Bima Yojana (PMFBY) is an agricultural insurance scheme that aims to provide financial support to farmers in case of crop loss or damage due to natural calamities, pests, and diseases. The scheme offers insurance coverage for a wide range of crops and provides risk mitigation tools to farmers, ensuring their financial stability.
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The Rashtriya Krishi Vikas Yojana (RKVY) is a scheme aimed at promoting agricultural growth and development by providing financial support to states and union territories in India. The scheme focuses on enhancing productivity, sustainability, and competitiveness in agriculture and allied sectors. It encourages farmers to adopt modern agricultural practices, technology, and infrastructure for better productivity and income.
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