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GS PAPER III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Context: Maharashtra Chief Minister asked Prime Minister for state-wide implementation of the ‘Beed model’ of the crop insurance scheme Pradhan Mantri Fasal Bhima Yogna (PMFBY).
How does the insurance scheme work?
Why does the state wants changes?
What is Beed model the state government wants implemented?
Why is the government pushing for it for the entire state?
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