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LATEST NEWS UPDATES | NDA govt's income insurance idea may not win over small farmers

NDA govt's income insurance idea may not win over small farmers

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published Published on Jun 5, 2015   modified Modified on Jun 5, 2015
-Reuters

Prime Minister Narendra Modi plans to provide millions of farmers with income insurance linked to crop prices, officials say, but it may not do much to ease rural distress, with small farmers standing to benefit little and likely to be put off by bureaucracy.

Modi's Bharatiya Janata Party (BJP), which swept to office a year ago, hopes to consolidate its power in local elections over the next two years, but anger is growing after rain and hailstorms ravaged farms in the north, contributing to the suicide of hundreds of ruined farmers.

Modi has already tried an income-based farm insurance scheme in his home state of Gujarat, with limited success - less than 10% of farmers opted into the scheme from 2013 as the method for calculating payouts was skewed against smaller farms.

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Hindustan Times, 3 June, 2015, http://www.hindustantimes.com/india-news/modi-s-income-insurance-idea-may-not-win-over-small-farmers/article1-1354237.aspx


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