States pull out of PMFBY owing to financial constraints

Several states have pulled out of the Pradhan Mantri Fasal Bima Yojana (PMFBY) in fear of failing to pay their share of premium subsidy owing to financial constraints, reported Business Standard. According to the kharif data of this year, around 19 states have opted for PMFBY, as opposed to 22 states in Kharif 2018. In rabi so far, the number of states preferring the scheme has further dropped to 14. The central government is willing to make additional pro-farmer changes to the scheme in response to climate change