AGARTALA, May 25 (TIWN): BJP led Central Govt has decided to bear the insurance premium of the farmers in high risk areas in case of crop-damage rows, in a press conference Agriculture Minister Pranajit Singha Roy and Law Minister Ratan Lal Nath have announced that.

The decision was taken following the massive flood damages in the last week.

The scheme was actually launched in 2018  to provide succour to farmers in case of crop loss or damage due to unseasonal rainfall, hailstorm, drought and other natural calamities, the Pradhan Mantri Fasal Bima Yojana (PMFBY) is being implemented for the first time in the ongoing kharif season across India at a total annual budgetary allocation of Rs 5,500 crore by the Centre. 

Targeted to bring 50 million farmers under the insurance net, the scheme is already facing hiccups. Under PMFBY, it has become mandatory for states to share the premium jointly with the Centre. 

However till day in Tripura the scheme was not implemented.

At the two and half months of the govt formation, the newly formed BJP Govt has decided to implement the scheme.