In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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Enrolment under PMFBY crop insurance scheme sees steep decline -Sayantan Bera
-Livemint.com Delayed assessment of loss and settlement of claims by insurance companies may have led to farmers losing faith in Pradhan Mantri Fasal Bima Yojana, say analysts New Delhi: Sharad Markad, a lanky teenager from a marginal farming family in Maharashtra, spent the first day of 2019 scrounging for funds. Faced with a drought, the third in the past five years, Markad had taken it upon himself to build a community cattle...
More »Fundamental flaws in crop insurance scheme's design makes it ineffective -Devinder Sharma
-Livemint.com The government did not visualize there were problems in the way it was designed, the methodology itself was faulty Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship programme launched with much fanfare in 2016, has run into rough weather. With both the area covered and the number of enrolled farmers declining, the country’s premium crop insurance scheme is certainly in need of an overhaul. While Parliament’s committee on estimates, chaired by senior...
More »Farm crisis: Short-term palliatives are futile -G Chandrashekhar
-The Hindu Business Line To help farmers, a long-term plan to improve input delivery, irrigation and rural infrastructure is a must Some 60 years ago, the country’s first Prime Minister Jawaharlal Nehru said: “Everything can wait except agriculture”. But for the last two decades, agriculture has been waiting even as the economy has continued to make rapid strides. The country is today paying a price for the omissions and commissions of successive governments...
More »Farm crisis deepens in Karnataka, 156 talukas declared drought-hit -Sharan Poovanna
-Livemint.com Reeling under intense dry spell, state recorded 49% rain?deficit, says regional?disaster monitoring centre Bengaluru: The Karnataka government on Wednesday declared 156 out of the 176 talukas of the state drought hit in the wake of a failed northeast monsoon. This has added to the growing call for the speedy implementation of the farm loan waiver to mitigate the deepening agrarian distress. The declaration comes months after several districts of the state...
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