-TheWire.in Premium collected by insurance companies has increased by Rs 36,848 crore, while the number of farmers covered has increased only by 0.42%, according to RTI data obtained by The Wire. New Delhi: In January 2016, Prime Minister Narendra Modi launched a revamped crop insurance scheme, his government’s flagship scheme for farmers, the Pradhan Mantri Fasal Bima Yojana (PMFBY). It would “bring about a major transformation in the lives of farmers”, Modi...
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Loan waivers derail Fasal Bima Yojana -Subhankar Mukherjee & Parthapratim Pal
-The Hindu Business Line Expectation of loan waiver causes farmers to stop payment against existing loans. They don’t buy insurance for the next season The Centre launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) in January 2016. While crop insurance programmes in Indiahave been in place for more than four decades, interest among farmers about insuring their crops has been low, which is reflected in the modest coverage level. According to latest data...
More »In Madhya Pradesh's theatre of farm rage, BJP puts its money on crop insurance -Ravish Tiwari
-The Indian Express Apart from the Pradhan Mantri Fasal Bima Yojana (PMFBY), the BJP is also counting on the Bhavantar Bhugtan Yojana (BBY), to neutralise rural anger ahead of the elections. Dewas, Ujjain: After the violent protests of June 2017 and unremunerative prices for most crops in the last one and a half years, Madhya Pradesh Chief Minister Shivraj Singh Chouhan has one trump card — a Rs 5,000 crore-plus insurance payout...
More »Govt penalizes insurers for delay in settling crop insurance claims -Sayantan Bera
-Livemint.com While farmers will receive a 12% penal interest payment for delays in settling claims, state governments will be penalised if they delay in depositing their share of subsidies New Delhi: Faced with a sharp decline in the number of farmers signing up for its flagship crop insurance scheme, the centre on Tuesday imposed a 12% penalty on insurance companies for delayed settlement of claims. Under the new guidelines that will take effect...
More »For The Farmer's Future -Ajay Vir Jakhar
-The Indian Express It is important to evaluate the consequences of the Centre’s agriculture policy. With elections around the corner, it’s too late for a course correction of the farm sector, but it’s an opportune time to document the unintended consequences of half-baked policies for the next five years. Otherwise, the momentum of existing policies will continue to feed rural economic misery. Agriculture GDP growth plummeted just as India’s agricultural trade surplus,...
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