UNDP

The partnership will promote innovation and digitalization of PMFBY and strengthen risk financing for a resilient farm sector in India. New Delhi: United Nations Development Programme (UNDP) and Absolute®, a leading bioscience company, today signed a Memorandum of Understanding (MoU) to strengthen the government of India’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) and enhance the resilience of the farmers. India faces challenges such as weather fluctuations, pest attacks, erratic rainfall, and humidity affecting agricultural produce. These factors lead to lower yields and income for farmers each year. From 2015 to 2021, India lost 33.9 million hectares of cropped area…