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policy BL Friday, 6 March 2026 NEW

India becoming tech ambitious agri-insurance market globally, says EDME insurance brokers’ official

Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.

Summary

Anchored by PMFBY, the country is operating the largest crop insurance ecosystem globally by farmer count, says Navin Sharma, senior leader of the company

Key Facts

Type Policy
Source BusinessLine - Economy
Published Friday, 6 March 2026
Affected Population ~150 million farming households, 42% of workforce

Key Numbers

Agri budget: Rs 1.52 lakh crore (2025-26)
MSP for 23 crops
PM-KISAN: Rs 6,000/year to 9 crore farmers
Rs 15,000 crore for Digital India initiatives

Key Authorities

Ministry of Agriculture & Farmers WelfareICARFCIMinistry of Electronics & ITTRAI

Key Stakeholders

FarmersFPOsAgri-Input IndustryInternet UsersTech CompaniesStartups

Government Context

NDA III BJP-led NDA
Centre-Right
Left Centre Right

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