{"id":7223,"date":"2020-03-20T16:35:46","date_gmt":"2020-03-20T11:05:46","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=7223"},"modified":"2025-07-28T14:14:12","modified_gmt":"2025-07-28T08:44:12","slug":"premium-subsidy-sharing-pattern","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/premium-subsidy-sharing-pattern\/","title":{"rendered":"Premium subsidy sharing pattern"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_68 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >What's Inside this Blog!<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/triumphias.com\/blog\/premium-subsidy-sharing-pattern\/#Premium_Subsidy_Sharing_Pattern\" title=\"Premium Subsidy Sharing Pattern\">Premium Subsidy Sharing Pattern<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/triumphias.com\/blog\/premium-subsidy-sharing-pattern\/#What_is_Subsidy\" title=\"What is Subsidy??\">What is Subsidy??<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Premium_Subsidy_Sharing_Pattern\"><\/span><strong>Premium Subsidy Sharing Pattern<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"text-align: center;\"><strong>(Relevance: Prelims: governance &amp; Economy)<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/image.slidesharecdn.com\/impactofsubsidiesonindianeconomy-150120042939-conversion-gate02\/95\/impact-of-subsidies-on-indian-economy-2-638.jpg?cb=1421728234\" alt=\"Image result for what is subsidy\" width=\"912\" height=\"513\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Subsidy\"><\/span><strong>What is Subsidy??<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><em>Subsidy is a benefit given by the government in the form of a cash payment, tax reduction, etc. to bring out desired changes by effecting optimal allocation of resources, stabilizing the price of essential good &amp; services and redistributing income in favor of poor people<\/em><\/p>\n<h3>Types: Direct<strong> &amp; Indirect<\/strong><\/h3>\n<p><strong>Why in news?<\/strong><\/p>\n<ul>\n<li>Agriculture minister informed the Lok Sabha that the premium subsidy sharing pattern between Centre and North Eastern States has been changed from 50 : 50 to 90:10.<\/li>\n<\/ul>\n<p><strong>Key highlights:<\/strong><\/p>\n<ul>\n<li>It will allow more States to notify the scheme and existing States to notify more crops and areas to facilitate greater coverage of farmers under the scheme.<\/li>\n<li>For remaining States, subsidy sharing pattern will continue as 50 : 50. In a written reply to a question, Agriculture minister also said that the<strong> Pradhan Mantri Fasal Bima Yojana (PMFBY)<\/strong> and <strong>Restructured Weather Based Crop Insurance Scheme (RWBCIS)<\/strong> are regularly reviewed especially the challenges faced by the stakeholders in its implementation since their inception in Kharif 2016 season.<\/li>\n<li>The Minister also said, Insurance companies will now be selected by the States for 3 years in a go instead of one year thereby increasing their commitment and accountability to the farmers.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/factly.in\/wp-content\/uploads\/\/2019\/10\/Pradhan-Mantri-Fasal-Bima-Yojana_Objectives-1024x464.jpg\" alt=\"Image result for Restructured Weather Based Crop Insurance Scheme\" \/><\/p>\n<p><span style=\"color: #0000ff;\"><strong>For more such notes, Articles, News &amp; Views Join our Telegram Channel.<\/strong><\/span><\/p>\n<p><a title=\"Telegram Link\" href=\"https:\/\/t.me\/triumphias\" target=\"_blank\"><span style=\"color: #ff0000;\"><strong>https:\/\/t.me\/triumphias<\/strong><\/span><\/a><\/p>\n<p><span style=\"color: #ff0000;\"><span style=\"color: #0000ff;\"><strong>Click the link below to see the details about the UPSC \u2013Civils courses offered by Triumph IAS.<\/strong> <\/span><strong><a style=\"color: #ff0000;\" title=\"Courses available\" href=\"https:\/\/triumphias.com\/pages-all-courses.php\">https:\/\/triumphias.com\/pages-all-courses.php<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Premium Subsidy Sharing Pattern (Relevance: Prelims: governance &amp; Economy) What is Subsidy?? Subsidy is a benefit given by the government<\/p>\n","protected":false},"author":1,"featured_media":7214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[123],"tags":[12733,12731,12732,12730,392],"class_list":["post-7223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-premium-subsidy","tag-premium-subsidy-healthpremium-subsidy-sharing-pattern","tag-premium-subsidy-sharing-pattern","tag-subsidy","tag-union-public-service-commission-upsc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=7223"}],"version-history":[{"count":4,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7223\/revisions"}],"predecessor-version":[{"id":31949,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7223\/revisions\/31949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/7214"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=7223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=7223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=7223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}