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LATEST NEWS UPDATES | Crop Insurance: Another dressed up scheme -CP Chandrasekhar

Crop Insurance: Another dressed up scheme -CP Chandrasekhar

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published Published on Aug 10, 2018   modified Modified on Aug 10, 2018
-Macroscan.org/ Frontline.in

Pradhan Mantri Fasal Bima Yojana (PMFBY) launched in 2016 which is supplemented with Restructured Weather Based Crop Insurance Scheme (RWBCIS), have failed to deliver what it had promised. The number of farmers insured under this scheme has fallen and the claims paid to farmers has fallen from 98% to 61%. The scheme seems to be benefitting the insurance companies as there has been rise in gross premiums paid to these companies by government.

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Macroscan.org/ Frontline.in, 2 August, 2018, http://macroscan.org/cur/aug18/cur02082018Crop_Insurance.htm


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