Government Pushes Aquaculture Insurance with 40% Premium Incentive
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Summary
The Government of India is promoting aquaculture insurance through PM-MKSSY, offering eligible farmers an incentive of up to 40% of the insurance premium for one crop cycle.
Key Facts
TypeAnalysis
SourceIndia Brand Equity Foundation
PublishedTuesday, 29 September 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
GDP: $3.9 trillion (2025 est.)
Key Authorities
Key Stakeholders
Government Context
NDA IIIBJP-led NDA
LeftCentreRight