Which of the following statements accurately describes the recent Cabinet-approved continuation of the PradhanMantriFasalBimaYojana (PMFB

The Union Cabinet has approved the continuation of PMFBY and RWBCIS till 2025–26. A key development is the creation of the Fund for Innovation and Technology (FIAT) with ₹824.77 crorecorpus to support technology initiatives like YES-TECH and WINDS and to enhance R&D efforts. Important Points: • Scheme:PradhanMantriFasalBimaYojana (PMFBY) • Launch Year: 2016 • Ministry: Ministry of Agriculture & Farmers Welfare • Implementing Agency: State Agriculture Departments + Empanelled insurance companies • Objective: Provide insurance coverage and financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases • Key Features: o Uniform premium: 2% (Kharif), 1.5% (Rabi), 5% (commercial crops) o Technology-driven claim settlement o Voluntary for farmers since 2020 o 90% premium subsidy for North Eastern States o Recent approval: ₹69,515.71 crore outlay for 2021-22 to 2025-26 o Introduction of FIAT: ₹824.77 crore for tech and innovation