Badal said the farmers were badly affected by hostile weather conditions that damaged large part of their crops.
He said that with the crop insurance scheme in place, the distressed farmers could be compensated for their losses.
"The vagaries of weather are proving detrimental for the farmers...The Government of India must introduce a crop insurance scheme for bailing them out of the agrarian crisis," Badal said.
On a question, the Chief Minister said his government was working to bring lossmaking Punjab Roadways and PRTC back on track.