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Rains, tomato crisis: Will farmers be better off buying private insurance? -Subhomoy Bhattacharjee

-Business Standard Farmers are not getting enough protection as states mostly do not pay the premium they should With the rains falling in abundance and tomatoes refusing to do so, agriculture economy experts have a lot to say on what both mean for the sector.   Both pose a risk to farmers — of floods and of lack of pricing power. Yet the farmers don't have much to fend those off since agricultural insurance...

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Crop Insurance: A flagship scheme that may flatter to deceive -Harish Damodaran

-The Indian Express For farmers, a uniform 2 per cent premium rate on sum insured (SI) for all kharif or monsoon season foodgrains and oilseeds, while 1.5 per cent for rabi winter crops and 5 per cent for annual commercial and horticultural crops, is the lowest they can hope for. The country couldn’t possibly have, at least on paper, a better agricultural crop insurance scheme than the Pradhan Mantri Fasal Bima...

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What crop insurance? India's farmers have no clue about the covers Centre doles out for them

-The Economic Times Despite the government talking so much about the Pradhan Mantri Fasal Bima Yojana benefiting India's farmers, most of them have not even heard of any crop insurance scheme by the Centre. About 67% of the 6,000 farmers surveyed by the Comptroller and Auditor General of India (CAG) had absolutely no idea about government-run crop insurance schemes. CAG's report dealt with crop insurance schemes from 2011 to 2015, including Prime Minister...

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Are crop insurance schemes working? CAG report reveals Ishan Kukreti

-Down to Earth Multiple gaps in implementation of crop insurance schemes may have compromised their purpose of benefitting farmers The CAG audit report of the Centre’s crop insurance schemes has highlighted gaps in their implementation that compromise its purpose of providing financial assistance to farmers. The Comptroller and Auditor General of India (CAG) looked into the performance of two schemes—Modified National Agricultural Insurance Scheme (MNAIS) and the National Crop Insurance Programme (NCIP)...

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Pradhan Mantri Fasal Bima Yojana -- a good scheme with flawed implementation, says CSE's latest report

-Centre for Science and Environment New Delhi: Centre for Science and Environment (CSE) released here today the first detailed independent evaluation and analysis of the Pradhan Mantri Fasal Bima Yojana (PMFBY) – government’s flagship national agricultural insurance programme. Across the world, agriculture insurance is recognised as an important part of the safety net for farmers to deal with the impacts of extreme and unseasonal weather due to climate change. Releasing the report...

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