Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Farm loan waivers lead to fewer crop insurance policies -Prabhudatta Mishra & Prasanta Sahu

Farm loan waivers lead to fewer crop insurance policies -Prabhudatta Mishra & Prasanta Sahu

Share this article Share this article
published Published on Nov 25, 2018   modified Modified on Nov 25, 2018
-Financial Express

Implementation of farm loan waivers by various state governments has led to a sharp decline in both the number of insurance policies and the farm area insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY). According to data gathered by FE, during kharif 2018 (the harvesting of the crop is on), the number of insured loanee farmers under PMFBY was just over 2 crore, compared with 3 crore such farmers insured during kharif 2016. The drop of over 1 crore in the loanee farmers’ count between the summer crops of 2016 and 2018 was despite the non-loanee farmers under PMFBY cover being around 1 crore during both the seasons.

The shrinking of the PMFBY cover could mean that more farmers are vulnerable to disasters/crop damage. Already, Maharashtra, Karnataka, and Andhra Pradesh, which implemented farm loan waivers, have sought drought relief for farmers from the Centre. While pruning their capital expenditure, six states have implemented farm loan waivers of a total of Rs.1.26 lakh crore between 2017 and 2018. After Maharashtra implemented loan waivers of Rs.34,000 crore, PMFBY coverage of the state’s loanee farmers, for whom crop insurance is meant to be mandatory, fell 58% to 16 lakh in kharif 2018 from 38 lakh in 2016. Similar reductions in coverage of loanee farmers were seen in Karnataka (down 43%), Rajasthan (38%) and UP (22%).

Please click here to read more.

Financial Express, 21 November, 2018, https://www.financialexpress.com/economy/pradhan-mantri-fasal-bima-yojana-farm-loan-waivers-lead-to-fewer-crop-insurance-policies/1388235/?fbclid=IwAR1pCNCAKqirHV


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close