31, Aug 2026
180 Students Join Plastic Waste Collection Drive in Mumbai, Collecting 300 Bags of Discarded Legacy Plastic Waste

Mumbai, 31 August 2026: Ahead of the upcoming Plastics Recycling Show India (PRSI) and Bharat Recycling Show (BRS) 2026, a Plastic Waste Collection Drive brought together students, volunteers and organisers for a morning of collective action at Ismail Yusuf College, Mumbai, on 22 August 2026.
Organised by Media Fusion and Crain Communications, and presented by Plastics Recycling Show India and Bharat Recycling Show, the initiative was conducted in association with Keshav Srushti (NGO) and Ismail Yusuf College to engage young people directly in responsible waste management and demonstrate how discarded material can be brought back into productive use.
The drive saw participation from approximately 180 students, including NCC cadets and students of Ismail Yusuf College, who came together with volunteers from Keshav Srushti (NGO) and members of the Media Fusion team. Collectively, they gathered an impressive 300 bags of legacy plastic waste from the surrounding area.
The collected plastic will now be sent for recycling and transformed into recycled plastic benches that will be given back to Ismail Yusuf College – completing the journey from discarded waste to a useful resource for the very community that participated in collecting it.
Mr. Vinay Nathani, Secretary, Keshav Srushti (NGO), said “Such initiatives help students understand the impact of plastic littering by engaging with the issue first-hand. When young people participate in collecting legacy plastic waste, they become more conscious of their own actions and can also encourage positive behavioural change within their families and communities. At Keshav Srushti, we have been conducting such initiatives for several years, with a focus on ensuring that collected plastic is processed and transformed into useful products.”
Mr. Neelakantan Iyer, Joint Secretary, Keshav Srushti (NGO), said “Engaging children in sustainability initiatives is becoming an increasingly important focus for us. Their participation and the impact they can create within society are a major thrust for Keshav Srushti. We were happy to see more than 300 children participate in this initiative, and we look forward to partnering on many more such programmes in the future.”
Prof. Sameer Vairagi, NSS Programme Officer, Ismail Yusuf College, Mumbai, said “Mobilizing youth for environmental action is at the very core of the NSS philosophy. Seeing our volunteers take full ownership of the plastic collection and segregation drive at Ismail Yusuf College was inspiring. Experiential learning of this nature builds true social accountability and leadership. We look forward to driving many more such high-impact sustainability initiatives on campus and in our surrounding communities.”
Mr. Prathmesh Mestry, Student Leader & Volunteer, NSS Unit, Ismail Yusuf College, Mumbai, said “Participating in the Plastic Recycling Drive on 22 August 2026 was a truly transformative experience for all of us. Getting our hands dirty with waste collection and segregation made us realize that environmental responsibility starts with individual action, not just sanitation staff. Working together as a team showed us the real power of collective student effort, and we are now committed to making our campus and homes plastic-free.”
Mr. Taher Patrawala, Managing Director, Media Fusion, said “Meaningful change does not always have to begin with large interventions. Small, consistent efforts can create awareness, influence behaviour and encourage young people to think differently about the resources around them.”
The initiative is part of the continued efforts by Media Fusion and Crain Communications, organisers of PRSI and BRS, to take conversations around recycling beyond the exhibition floor. By involving students in practical initiatives such as this, the organisers aim to encourage greater environmental responsibility among young people and build awareness around recycling and circularity at the community level.
The conversation will continue at Plastics Recycling Show India and Bharat Recycling Show 2026, taking place from 31 August – 2 September 2026 at Hall 4, Bombay Exhibition Centre, Mumbai. The co-located shows will bring together recyclers, manufacturers, technology providers, policymakers and industry leaders to explore the future of recycling and circularity in India.
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- By Neel Achary
31, Aug 2026
Change of Guard Ceremony at Rashtrapati Bhavan Offers Visitors a Glimpse of India’s Military Heritage
New Delhi, Aug.31: The iconic Change of Guard Ceremony at Rashtrapati Bhavan continues to captivate visitors by showcasing India’s rich military traditions, impeccable discipline and ceremonial grandeur.

The Change of Guard Ceremony at Rashtrapati Bhavan showcases India’s rich military traditions, discipline and ceremonial splendour. The impressive ceremony offers the visitors a memorable glimpse of India’s proud heritage. pic.twitter.com/N3GfNwQbOI
— President of India (@rashtrapatibhvn) August 31, 2026
Held at the President’s official residence, the ceremony is a striking display of precision drill, synchronized movements and ceremonial excellence by the President’s Bodyguard and other participating military personnel. It reflects the professionalism and heritage of India’s armed forces while upholding a tradition that has become a major attraction for visitors to the national capital.
Blending history with pageantry, the ceremony offers spectators a memorable experience and an opportunity to witness one of the country’s most distinguished ceremonial events up close.
The Change of Guard Ceremony stands as a symbol of India’s proud military legacy and enduring commitment to preserving its ceremonial traditions for future generations.
31, Aug 2026
Hyundai Capital Officially Launches Financial Services Operations in India
Hyundai Capital India transitions from a consulting entity to a financial entity, starting operations with wholesale financing.
SEOUL, South Korea, Aug. 31, 2026 /PRNewswire/ — Hyundai Capital Services (the “Company”) is commencing financial operations in India, one of the world’s three largest automotive markets.
Hyundai Capital India (HCIN) is the Company’s 14th financial entity, and an independent stand-alone entity fully owned and operated by Hyundai Capital Services.
In March this year, the Company obtained a Non-banking Financial Company (NBFC) license from the Reserve Bank of India (RBI), laying the foundation for providing financial services to customers in the country. Building on its auto finance expertise and experience accumulated across diverse global markets, Hyundai Capital Services plans to pursue a localized strategy tailored to the needs and characteristics of the Indian market and its customers.
India has emerged as the world’s third largest automotive market, supported by its population of more than 1.4 billion and a rapidly growing economy. Hyundai Motor Group (the “Group”) is also strengthening its presence in the country by expanding local production capacity while enhancing its EV lineup for the Indian market.
In line with the Group’s strategy in India, Hyundai Capital Services plans to expand its business in the country in phases. During the initial stage of operations, HCIN will focus on wholesale financing for local automotive dealers, given the country’s vast geography and significant regional differences in financial environments.
Alongside expanding dealer financing network across India, HCIN will also work to establish a solid sales infrastructure and robust risk management systems in preparation for the future launch of retail financing for individual customers.
“Building on the expertise we have developed in Korea and across key global markets, we plan to introduce a range of financing solutions that support the Group’s sales in India,” said Hyung-Jin David Chung, CEO of Hyundai Capital Services. “With a disciplined strategy designed for the Indian market, we will work to achieve both sustainable growth and operational stability as we build our business in the country.”
Meanwhile, Hyundai Capital Services currently operates 19 entities in 14 countries worldwide, including the United States, Canada, the United Kingdom, Germany, and Australia. The Company continues to broaden its international footprint in key markets, supporting the Group’s growing global presence with its auto finance capabilities.
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31, Aug 2026
Paraguayan President Santiago Peña and FIA President Mohammed Ben Sulayem celebrate the start of a new era of rallying in Encarnación

Dubai, UAE, Aug 31: The President of Paraguay, H.E. Santiago Peña, joined FIA President H.E. Mohammed Ben Sulayem and hundreds of thousands of passionate fans at FIA WRC Rally del Paraguay this weekend, celebrating the rapid growth of motorsport in the country and an exciting new chapter for rallying worldwide.
The two Presidents met during the rally weekend to discuss the continued development of motorsport in Paraguay and across the Americas, from creating opportunities for young people at grassroots level to bringing more world-class competition to the region.
Together, they watched the iconic ‘Paso de los Teros’, a replica of the legendary Group B Audi Quattro S1, which has been built in Paraguay, take on SS17 Encarnación. The moment held particular significance for President Ben Sulayem, a 14-time FIA Middle East Rally Champion, who competed in an Audi Quattro during his own rallying career at the 1987 Qatar Rally.

They also met local karters during their visit, seeing first-hand the enthusiasm for motorsport among the next generation and highlighting the importance of creating accessible pathways into competition.
Rally del Paraguay continues to strengthen its place on the international motorsport stage, with 300,000 fans experiencing the excitement of this round of the FIA World Rally Championship on the country’s distinctive red gravel roads – a huge 42.8% increase on fan numbers compared to its inaugural year in 2025.
The weekend also came at a pivotal moment for the future of rallying following the FIA’s landmark new long-term commercial rights agreement for the FIA World Rally Championship and FIA European Rally Championship.
Following FIA approval, Cosmobilis and Park Square Capital have acquired WRC Promoter GmbH in the ‘deal of the century’, bringing record new investment into rallying and putting fans at the heart of the sport’s next chapter. The partnership will focus on growing the Championships’ global audiences, strengthening storytelling and content, and bringing fans closer to the action.
Central to the agreement is a new FIA Growth Fund, designed to support the development of rallying worldwide, from the highest levels of international competition through to entry-level grassroots participation.

FIA President H.E. Mohammed Ben Sulayem said: “The passion for motorsport in Paraguay is incredible. President Peña shares that passion and understands the opportunities our sport can create for young people, communities and the country.
“It was particularly special to watch the Audi Quattro take to the stage here. It is a car that means a great deal to me from my own rallying career, and seeing it on these roads, surrounded by so many passionate fans, was a fantastic moment.
“But the future of our sport is just as important as its history. Meeting the young drivers here and seeing their enthusiasm shows why we must continue creating opportunities and increasing accessibility.
“Our landmark new promoter agreement for the Championship will help us do exactly that. We are bringing significant new investment into rallying, putting fans at the centre of its future and, through the new FIA Growth Fund, supporting the sport at all levels.”
H.E. President Santiago Peña said: “President Ben Sulayem’s presence at the Rally del Paraguay for a second consecutive year is a powerful recognition of Paraguay’s growing role on the world motorsport stage. It reflects the FIA’s confidence in Paraguay as a reliable partner for the future, and in the passion of our people for motorsport – particularly rally.
“The Rally del Paraguay has already been recognized as the Best Rally in the World, and we are determined to uphold that distinction. Its challenging roads, exceptional landscapes and passionate fans make it a truly unmissable event on the WRC calendar.”
President Peña has been a strong supporter of bringing the FIA World Rally Championship to Paraguay and developing the country’s wider motorsport ambitions. Paraguay also hosted the 2025 FIA American Congress in Asunción, uniting FIA Member Clubs from across the Americas to collaborate on the future of motorsport and mobility.
30, Aug 2026
Lesotho Launches National Farmers Portal, Giving Every Farmer a Place in a Single Digital Registry
The new registration system, built on Joget DX Enterprise, brings farmer and land information together across all 10 districts, giving the Ministry a stronger foundation to serve farmers.
MOYENI, Lesotho, Aug. 30, 2026 /PRNewswire/ — The Ministry of Agriculture, Food Security and Nutrition (MAFSN) has officially launched the Lesotho Farmers Portal, the country’s first national digital platform bringing farmer and land information together in one central registry. The Honourable Selibe Mochoboroane, Minister of Agriculture, Food Security and Nutrition, led the launch in partnership with Vodacom Lesotho. Field officers across all 10 districts will use the platform to register farmers and their land parcels, and to capture information about households, farming activities, livestock, assets and support services.
Prior to the portal, farmer information was held in paper files, spreadsheets and separate district-level records that did not connect to one another. Built by FiscalAdmin Ltd on Joget DX Enterprise platform, the new system replaces that patchwork, giving the Ministry a clearer picture of the country’s agricultural community.
Field officers use the portal to register farmers against their national identity number, capture household, farming, livestock and asset information, and record land parcels with GPS boundaries. Ministry staff can then search and review that data centrally, giving the government a live, national view of the farming population for the first time.
For farmers, formal registration means the Ministry can identify who they are, what they grow or raise, and what support they may need, laying the groundwork for future services such as targeted subsidies and input distribution. For the Ministry, the registry replaces incomplete and scattered records with one verified source of data to guide policy and budget decisions.
The wider platform already includes capabilities for programme applications, eligibility evaluation, decision management and entitlement issuance, which can be introduced as the programme progresses beyond this initial registration phase.
The Farmers Portal is an important step in strengthening how the ministry understands and supports farmers across Lesotho. Having reliable information in one place will help the Ministry better understand the needs of the farmers, plan agricultural programmes and improve the way services are delivered. Transitioning from development into a national service enables the platform to benefit farmers across all 10 districts.
Built for the needs of a public-sector team
The Farmers Portal was delivered by FiscalAdmin Ltd using Joget DX Enterprise, with several partners contributing to the programme. MAFSN owns the registry, the data and the process; the International Telecommunication Union (ITU) provided the programme framework and digital-government methodology; GovStack supplied the Registration Building Block specification and reference architecture; the World Food Programme supported the implementation, including the Joget DX Enterprise licence; and Vodacom Lesotho partnered on the launch and on reaching officers in the field.
The portal was built with the realities of a small public-sector ICT team in mind. Much of the application is managed through configuration rather than traditional software development, including forms, lists, workflows, user access and reference data. This means Ministry staff can maintain information such as districts, villages, crops, livestock types and document types through the system itself, without needing a developer for every change.
“We wanted to build a service that could work at a national scale and still be practical for the people using it every day. The Farmers Portal brings together a number of processes that would otherwise remain separate, while giving the Ministry greater control over its own data.
We built this as a live implementation of the GovStack Registration Building Block, so it needed to hold up under real conditions in the field, not just on paper. Joget’s enterprise application platform enabled a very small team to turn a working prototype into a national service the Ministry can run and maintain on its own, and that is what made the two-year timeline possible.” said Aare Lapõnin, Founder and CEO, FiscalAdmin Ltd, Technical Delivery Partner.
The delivery approach also used what FiscalAdmin describes as LLM-assisted spec-driven development. An LLM assistant worked against a written specification rather than the live system directly, with each result pushed through the platform’s own API and checked by an automated test suite before release. When something did not work, the fix went back into the specification, not into the system directly.
Raveesh Dewan, President and CEO of Joget Inc., said the project shows how technology can help public-sector organisations build practical digital services while keeping them adaptable as their needs evolve.
“What makes this project meaningful is the real-world problem it addresses. The Ministry needed a better way to understand its farmers and manage information that can support agricultural services across the country. We are proud that Joget could provide the foundation for that work.
The portal also shows how an agentic AI application platform can help a small team build and maintain a national service while leaving room to expand it as new needs emerge.” continued Raveesh Dewan, President & CEO, Joget Inc..
As registration reaches full national coverage, the Ministry expects to introduce further services building on the registry, including programme applications and input distribution, extending support to farmers across Lesotho.
About Ministry of Agriculture, Food Security and Nutrition (MAFSN)
The Ministry of Agriculture, Food Security and Nutrition (MAFSN) was first established in 1935 as the Department of Agriculture. Since its inception, like any other government Ministry and/or department, the Ministry has not been immune to transformations and structural changes that have been occurring.
Following a government wide reorganisation and restructuring of Ministries and Departments, the Ministry was renamed Ministry of Agriculture and Food Security in 2003.
Today the Ministry is now known as the Ministry of Agriculture, Food Security and Nutrition. The Ministry’s principal responsibility is to facilitate sustainable production and productivity of agricultural outputs and promotion of food and nutrition security in the country.
About FiscalAdmin
FiscalAdmin is a software engineering and consulting company established in 2015 in Tallinn, Estonia.
We focus on assessment, modernisation and development services and technologies for tax administrations, ministries of finance, the public sector and international organisations.
Our Tallinn Office, located in the middle of the Nordic startup scene, is focused on the development of products for the new digital age. We develop new operational models for the public sector to help tackle the complexity of digitalisation through the creation of platforms and ecosystems for public finance, revenue management, marketing, e-commerce and public transport.
About Joget
Joget offers an open-source, enterprise Agentic AI application platform that converges no-code/low-code development with AI agents to help organizations rapidly build and customize enterprise applications at scale. By combining AI agents with visual app builders, not raw code, Joget makes app generation faster, safer, and more accessible for business users and developers alike.
With Generative AI and Agentic AI capabilities, Joget Intelligence enables organizations to automate and enhance processes while maintaining oversight and compliance.
Through Vibe Composition, Joget enables AI-assisted application development where AI interprets business intent and assembles applications using governed, pre-validated composable components. Unlike typical AI code generation, Joget’s visual-first approach ensures applications remain maintainable and governed within collaborative human workflows.
As an Application and Integration Fabric, Joget connects legacy and modern systems seamlessly. Its extensible, open-source core and plugin architecture offer unmatched flexibility, and its White Label solution allows OEMs and digital solution providers to fully rebrand the platform.
Trusted by startups, global enterprises, and government agencies, Joget delivers the speed of AI with the control of visual development for scalable, intelligent digital transformation.
Visit www.joget.com and follow us on LinkedIn, X, Facebook, or YouTube.
Media contact:
FiscalAdmin: info@fiscaladmin.com
Joget Inc: pr@joget.com
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30, Aug 2026
India’s Digital Fertiliser Network Reaches Over 14 Crore Aadhaar-Linked Farmers

New Delhi, August 30: India’s digital infrastructure for fertiliser distribution has expanded to cover more than 14 crore Aadhaar-linked farmers and fertiliser buyers, strengthening the government’s ability to track the movement and sale of subsidised agricultural inputs across the country.
The Integrated Fertilizer Management System (iFMS), developed with technical support from the National Informatics Centre (NIC) for the Department of Fertilizers, has grown into a nationwide digital platform covering multiple stages of the fertiliser supply chain. The system tracks production, imports, dispatches, transportation, inventories and retail sales, providing authorities with greater visibility into the availability and movement of fertilisers.
The platform currently connects more than 2.5 lakh fertiliser retailers and processes around 7 crore metric tonnes of fertiliser sales transactions each year, highlighting the scale at which digital systems are being deployed to manage one of India’s most critical farm inputs.
The expansion of iFMS is aimed at improving transparency in fertiliser distribution and enabling government agencies to respond more quickly to changes in regional demand and supply.
Digital dashboards provide information on fertiliser stocks and movement at different administrative levels, from the national and state levels down to districts and individual retail outlets. This allows officials to monitor inventories and identify potential supply pressures or unusual purchasing patterns.
The availability of transaction-level information is also expected to support more effective planning during periods of heightened agricultural demand, when fertiliser consumption typically rises.
The government’s next phase of digital integration involves connecting fertiliser purchase information with broader agricultural databases, including land and crop records.
The Department of Fertilizers has already worked towards integrating iFMS with state-level agricultural databases such as Haryana’s Meri Fasal Mera Byora, while exploring integration with the national AgriStack framework.
Such linkages could enable authorities to analyse fertiliser consumption in relation to factors including crop patterns, landholdings, geographical regions and the type of fertiliser being purchased.
This could improve demand forecasting and help policymakers better understand how fertilisers are being consumed across different agricultural regions. At the same time, the effectiveness of such systems will depend on the availability and quality of underlying land and crop data.
Digitalisation has also become an important component of India’s fertiliser subsidy framework. The government provides substantial financial support to keep key fertilisers affordable for farmers, with annual fertiliser subsidy expenditure running into nearly ₹2 lakh crore.
Under the fertiliser Direct Benefit Transfer (DBT) mechanism, subsidy payments to manufacturers and importers are linked to actual retail sales recorded through Point of Sale (PoS) devices.
The system provides a digital trail from the retail transaction to the subsidy claim, helping improve accountability and reduce the scope for leakages or irregularities in the distribution chain.
Farmers purchasing subsidised fertilisers through registered retailers receive transaction records generated through the PoS system, while government agencies gain access to data that can be used to monitor sales and subsidy flows.
The rapid expansion of the digital fertiliser network signals a broader change in the government’s approach to agricultural input management.
Rather than functioning only as a mechanism for recording sales, iFMS is increasingly being positioned as a data and decision-support platform. The large volume of transactions generated through the network can provide insights into regional demand, stock levels, distribution patterns and purchasing behaviour.
For policymakers, this information can potentially help anticipate shortages, improve supply planning and coordinate production and imports with actual market requirements.
The integration of fertiliser data with land and crop information could take this process further by providing a more detailed picture of input requirements at the farm and regional level.
The scale of the iFMS network reflects India’s broader effort to use digital technology to improve the delivery of agricultural services and government support.
With more than 14 crore Aadhaar-linked buyers and a nationwide network of retailers, the system has created a large digital footprint for monitoring fertiliser distribution. The government’s focus is now shifting towards making greater use of this data to improve forecasting, supply-chain management and subsidy administration.
As India continues to digitise its agricultural ecosystem, the integration of fertiliser transactions with farmer, land and crop databases could become an important tool for improving the efficiency and transparency of farm-input distribution.
For the agricultural economy, the development represents a significant move towards data-driven fertiliser management, where digital records can increasingly influence how supplies are planned, distributed and monitored across the country.
30, Aug 2026
Mann Ki Baat: PM Modi Applauds Odisha Women for Turning Forest Protection into Livelihood
Bhubaneswar, Aug. 30 (UDN): Prime Minister Narendra Modi on Sunday highlighted the inspiring work of women in Odisha’s Debrigarh region of Sambalpur, praising their efforts to protect forests while creating sustainable livelihood opportunities for themselves and their communities.

Representational Image
Speaking during his Mann Ki Baat programme, Modi narrated the journey of women from Dhodrokusum village, focusing on how their relationship with the forest has evolved from dependence on forest produce to active conservation and eco-tourism.
From Forest Produce Collector to Conservationist
The Prime Minister referred to the experience of Maithili Bhue, who earlier depended heavily on the forest to meet her family’s daily needs.
Maithili would regularly venture into the forest to collect firewood, Mahua flowers, Kendu leaves, bamboo shoots and other forest produce. For her family and many others in the region, the forest was an important source of both sustenance and income.
Her association with Debrigarh Eco-Tourism, however, opened a new avenue.
According to Modi, the forest gradually became more than just a source of raw materials for Maithili—it became a source of livelihood through conservation.
Over 60 Women Join Conservation Efforts
Maithili’s transformation subsequently encouraged several other women in the area to participate in conservation-related activities.
More than 60 women are now reportedly involved in protecting and managing the natural environment around Debrigarh. Their responsibilities range from wildlife protection and grassland development to supporting eco-tourism initiatives.
Their participation has created a model where environmental protection and economic opportunity complement each other.
‘Nature and Prosperity Can Go Together’
Highlighting the Debrigarh experience, PM Modi said the women have demonstrated that protecting nature can go hand in hand with improving livelihoods.
The initiative also underscores the role local communities can play in conservation when they have a direct stake in preserving natural resources.
The Prime Minister described the women of Debrigarh as an example of how individual efforts can grow into a broader community movement, creating both environmental and social benefits.
Their story from Dhodrokusum has now gained national attention through Mann Ki Baat, putting the spotlight on a community-led conservation model emerging from Odisha’s forests.
30, Aug 2026
PMFBY Enters Second Decade With ₹12,200 Crore Push, Turning Crop Insurance Into a Key Farm-Risk Tool
New Delhi, August 30, 2026: For millions of Indian farmers, a failed crop can quickly turn a weather event into a financial crisis. The Pradhan Mantri Fasal Bima Yojana (PMFBY), now in its second decade, is increasingly positioned as a critical risk-management instrument for agriculture, providing a financial cushion against crop losses caused by extreme weather, pests and diseases.
The Centre has earmarked ₹12,200 crore for PMFBY in the Union Budget 2026–27, signalling its continued focus on expanding crop insurance and strengthening the financial resilience of farmers.
Launched on 18 February 2016, PMFBY was conceived with a straightforward objective: make crop insurance more accessible and affordable while reducing the income shock faced by farmers when crops are damaged.
Nearly a decade later, the scale of the programme has grown substantially. From Kharif 2016 through Rabi 2025–26, more than 92.46 crore farmer applications have been insured, while claims have been paid to more than 26.33 crore farmer applications, with the total value of claims exceeding ₹2.06 lakh crore.
The numbers point to the growing role of insurance in an agricultural economy where weather volatility can directly affect farm output, cash flows and household incomes.
PMFBY provides coverage against a broad spectrum of agricultural risks. These include drought, floods, cyclones, hailstorms, pests and diseases, along with provisions for prevented sowing, localized calamities, inundation, unseasonal rainfall and specified post-harvest losses.
For farmers, the significance of such coverage extends beyond compensation.
A major crop failure can affect the ability to repay loans, purchase inputs for the next season or maintain household expenditure. Timely insurance compensation can therefore act as a financial bridge, allowing farmers to continue participating in the agricultural cycle rather than being forced into distress sales or additional borrowing.
The economics of the scheme are also designed to make insurance affordable. Farmers pay a capped premium of 2% of the sum insured for Kharif foodgrain and oilseed crops, 1.5% for Rabi foodgrain and oilseed crops, and 5% for commercial and horticultural crops, with the government providing the balance of the eligible premium subsidy.
While insurance coverage is one side of the equation, accurately assessing crop damage and settling claims efficiently is equally important.
This is where technology is becoming increasingly central to PMFBY.
The government has introduced the Yield Estimation System based on Technology (YES-TECH) to strengthen technology-based crop-yield assessment. The objective is to reduce dependence on conventional assessment processes and improve the consistency and objectivity of yield estimation.
The Weather Information Network and Data System (WINDS) is another technology-led initiative aimed at expanding the availability of weather data through a network of weather stations and rainfall gauges.
Together, such systems are expected to create a more data-driven insurance architecture, potentially improving the quality of crop-loss assessments and reducing delays in claims.
For an industry dealing with millions of farms spread across vastly different climatic and geographical conditions, the ability to generate reliable, location-specific data could become a significant determinant of how efficiently insurance claims are processed.
The value proposition of crop insurance becomes particularly visible at the individual farmer level.
Consider the case of Anwar, who enrolled under PMFBY by paying a premium of just ₹100. After his crop loss was assessed, he received ₹50,600 in compensation under the scheme.
The experience illustrates the fundamental economics of crop insurance: a relatively small upfront premium can provide substantial protection against an otherwise potentially devastating financial loss.
For farmers operating on tight margins, this protection can make the difference between absorbing a bad season and facing a prolonged financial setback.
The evolution of PMFBY also reflects a broader shift in the way agricultural risk is viewed.
Climate variability, irregular rainfall, extreme weather events and changing pest patterns are increasing uncertainty around farm production. In such an environment, crop insurance is not simply a post-disaster compensation mechanism; it is increasingly part of a wider farm-risk management strategy.
A more predictable insurance framework can also support access to institutional credit and encourage farmers to continue investing in agricultural inputs despite weather-related uncertainty.
The government’s continued financial commitment suggests that crop insurance is being treated as an important component of the country’s broader strategy to strengthen rural incomes and build climate-resilient agriculture.
The scale of PMFBY, however, also brings a major operational challenge: ensuring that coverage translates into timely and accurate payouts.
For farmers, the effectiveness of an insurance programme is ultimately measured not by the size of the allocation but by how quickly and transparently a legitimate claim reaches the beneficiary.
This makes technology-driven assessment systems such as YES-TECH and WINDS particularly significant. Better weather data, more accurate yield estimates and digitised processes can potentially reduce disputes, improve transparency and accelerate settlement.
The next phase of PMFBY is therefore likely to be defined as much by technology and execution as by the size of the government’s budgetary support.
With more than ₹2.06 lakh crore already paid in claims and millions of farmers covered, PMFBY has developed into one of India’s most significant agricultural risk-transfer mechanisms.
The ₹12,200 crore allocation for 2026–27 provides another financial push as the government seeks to deepen crop-insurance coverage and strengthen the programme’s technological backbone.
The larger business story is that India’s agricultural economy is gradually moving from a model where farmers largely absorb weather risk themselves toward one where insurance, government subsidies, digital assessment and weather intelligence share the burden.
For farmers such as Anwar, that shift can have a very tangible outcome: turning a potentially crippling crop loss into a manageable financial setback.
As climate-related risks become a more persistent feature of agriculture, the effectiveness of PMFBY could increasingly influence not just farmer incomes, but also the stability and resilience of India’s broader rural economy.
30, Aug 2026
PMFBY Enters Second Decade With ₹12,200 Crore Push, Turning Crop Insurance Into a Key Farm-Risk Tool
New Delhi, August 30, 2026: For millions of Indian farmers, a failed crop can quickly turn a weather event into a financial crisis. The Pradhan Mantri Fasal Bima Yojana (PMFBY), now in its second decade, is increasingly positioned as a critical risk-management instrument for agriculture, providing a financial cushion against crop losses caused by extreme weather, pests and diseases.
The Centre has earmarked ₹12,200 crore for PMFBY in the Union Budget 2026–27, signalling its continued focus on expanding crop insurance and strengthening the financial resilience of farmers.
Launched on 18 February 2016, PMFBY was conceived with a straightforward objective: make crop insurance more accessible and affordable while reducing the income shock faced by farmers when crops are damaged.
Nearly a decade later, the scale of the programme has grown substantially. From Kharif 2016 through Rabi 2025–26, more than 92.46 crore farmer applications have been insured, while claims have been paid to more than 26.33 crore farmer applications, with the total value of claims exceeding ₹2.06 lakh crore.
The numbers point to the growing role of insurance in an agricultural economy where weather volatility can directly affect farm output, cash flows and household incomes.
PMFBY provides coverage against a broad spectrum of agricultural risks. These include drought, floods, cyclones, hailstorms, pests and diseases, along with provisions for prevented sowing, localized calamities, inundation, unseasonal rainfall and specified post-harvest losses.
For farmers, the significance of such coverage extends beyond compensation.
A major crop failure can affect the ability to repay loans, purchase inputs for the next season or maintain household expenditure. Timely insurance compensation can therefore act as a financial bridge, allowing farmers to continue participating in the agricultural cycle rather than being forced into distress sales or additional borrowing.
The economics of the scheme are also designed to make insurance affordable. Farmers pay a capped premium of 2% of the sum insured for Kharif foodgrain and oilseed crops, 1.5% for Rabi foodgrain and oilseed crops, and 5% for commercial and horticultural crops, with the government providing the balance of the eligible premium subsidy.
While insurance coverage is one side of the equation, accurately assessing crop damage and settling claims efficiently is equally important.
This is where technology is becoming increasingly central to PMFBY.
The government has introduced the Yield Estimation System based on Technology (YES-TECH) to strengthen technology-based crop-yield assessment. The objective is to reduce dependence on conventional assessment processes and improve the consistency and objectivity of yield estimation.
The Weather Information Network and Data System (WINDS) is another technology-led initiative aimed at expanding the availability of weather data through a network of weather stations and rainfall gauges.
Together, such systems are expected to create a more data-driven insurance architecture, potentially improving the quality of crop-loss assessments and reducing delays in claims.
For an industry dealing with millions of farms spread across vastly different climatic and geographical conditions, the ability to generate reliable, location-specific data could become a significant determinant of how efficiently insurance claims are processed.
The value proposition of crop insurance becomes particularly visible at the individual farmer level.
Consider the case of Anwar, who enrolled under PMFBY by paying a premium of just ₹100. After his crop loss was assessed, he received ₹50,600 in compensation under the scheme.
The experience illustrates the fundamental economics of crop insurance: a relatively small upfront premium can provide substantial protection against an otherwise potentially devastating financial loss.
For farmers operating on tight margins, this protection can make the difference between absorbing a bad season and facing a prolonged financial setback.
The evolution of PMFBY also reflects a broader shift in the way agricultural risk is viewed.
Climate variability, irregular rainfall, extreme weather events and changing pest patterns are increasing uncertainty around farm production. In such an environment, crop insurance is not simply a post-disaster compensation mechanism; it is increasingly part of a wider farm-risk management strategy.
A more predictable insurance framework can also support access to institutional credit and encourage farmers to continue investing in agricultural inputs despite weather-related uncertainty.
The government’s continued financial commitment suggests that crop insurance is being treated as an important component of the country’s broader strategy to strengthen rural incomes and build climate-resilient agriculture.
The scale of PMFBY, however, also brings a major operational challenge: ensuring that coverage translates into timely and accurate payouts.
For farmers, the effectiveness of an insurance programme is ultimately measured not by the size of the allocation but by how quickly and transparently a legitimate claim reaches the beneficiary.
This makes technology-driven assessment systems such as YES-TECH and WINDS particularly significant. Better weather data, more accurate yield estimates and digitised processes can potentially reduce disputes, improve transparency and accelerate settlement.
The next phase of PMFBY is therefore likely to be defined as much by technology and execution as by the size of the government’s budgetary support.
With more than ₹2.06 lakh crore already paid in claims and millions of farmers covered, PMFBY has developed into one of India’s most significant agricultural risk-transfer mechanisms.
The ₹12,200 crore allocation for 2026–27 provides another financial push as the government seeks to deepen crop-insurance coverage and strengthen the programme’s technological backbone.
The larger business story is that India’s agricultural economy is gradually moving from a model where farmers largely absorb weather risk themselves toward one where insurance, government subsidies, digital assessment and weather intelligence share the burden.
For farmers such as Anwar, that shift can have a very tangible outcome: turning a potentially crippling crop loss into a manageable financial setback.
As climate-related risks become a more persistent feature of agriculture, the effectiveness of PMFBY could increasingly influence not just farmer incomes, but also the stability and resilience of India’s broader rural economy.
30, Aug 2026
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