Re 1 crop insurance scheme won't be discontinued, says Minister Kokate
Maharashtra Agriculture Minister Manikrao Kokate on Sunday reiterated that the government will not discontinue the Re 1 crop insurance scheme despite recommendations to shut it down. Speaking to the media in Nandurbar, Kokate confirmed that while some adjustments will be made, the scheme will continue in its current form to support farmers.
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The crop insurance scheme was introduced in the 2023 budget by the then-finance minister and deputy chief minister Devendra Fadnavis.
Under the scheme, farmers can get crop insurance for just Re 1. Before the scheme, farmers had to pay the company 2 per cent of the insurance premium.
The scheme, however, faced criticism after a review brought to light over four lakh bogus applicants.
«This scheme is for the benefit of farmers, and while some changes are necessary, it will not be closed,» the minister said.
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