-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...

-Newsclick.in Insurance companies have already earned about Rs.16,000 crore in three seasons. The much-hyped Pradhan Mantri Fasal Bima Yojana (PMFBY) – supposed to provide insurance protection to farmers against crop losses due to natural events – has turned into a bonanza for insurance companies while farmers are angry over delays in claim settlement, rejections and paltry compensation. Launched in 2016, four full seasons have passed since and the financial transactions show earnings...

-The Times of India NEW DELHI: The government's ambitious crop insurance scheme has proved to be a jackpot for insurance companies last year, which collectively earned 85 per cent profit (after excluding administrative and reinsurance expenses) during the 2017-18 kharif season. Kharif is an Indian cropping season which extends from July to October. 17 insurance firms (5 public and 12 private) empanelled under the Pradhan Mantri Fasal Bima Yojana (PMFBY) registered a...

-The New Indian Express In an apparent snub to the Pradhan Mantri Fasal Bima Yojana, the Bihar government has launched its own scheme to provide guaranteed assistance to the state’s farmers. PATNA: In an apparent snub to the Pradhan Mantri Fasal Bima Yojana (PMFBY), the Bihar government has launched its own scheme to provide guaranteed assistance to the state’s farmers in the event of crop damage. At a time of growing unrest among...

-Business Standard Between FY16 and FY17, the number of farmers enrolled in the scheme declined from about 57.3 million to about 48.5 million, a fall of around 15% Kolkata: The Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship crop insurance scheme of the Narendra Modi government, has entered its third year of operation, albeit with a substantial decline in farmers' enrolment in its second year, the data reveals. Between FY16 and FY17, the...