-PTI The Centre has allowed states to set up their own insurance companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior Agriculture Ministry official said today. The move comes after several requests from states as well as observations made by Comptroller and Auditor General (CAG) in its 2017 report that old crop insurances schemes which have now been merged with PMFBY, were poorly implemented during 2011-2016. "We have allowed the states...
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Crop insurance scheme loses sheen as coverage area reduces
-The Tribune New Delhi: The Narendra Modi government’s flagship crop insurance scheme, launched with much fanfare two years ago, has witnessed negative growth this year as the coverage has reduced to 24 per cent of gross cropped area (GCA) in 2017-18 from 30 per cent in 2016-17. This, when the actual target for the current year was 40 per cent. Similarly, the number of farmers insured during both the kharif and rabi...
More »State govts to blame for issues in crop insurance scheme: Agriculture ministry -Sayantan Bera
-Livemint.com Centre is soon going to issue a revised set of guidelines to address current challenges faced by the crop insurance scheme, says Ashish Bhutani, joint secretary at the agriculture ministry New Delhi: The prime minister’s flagship crop insurance scheme, which has seen an impressive rise in coverage and sum assured since its launch in 2016, is facing a number of challenges that are delaying claim settlements for farmers, a senior agriculture...
More »For India's Farmers, Budget 2018 Is Nothing but a Hoax -Kirankumar Vissa
-TheWire.in The finance minister has made a big announcement on minimum support price, but he should make it clear whether all he is promising is to take the prices back to the UPA-II levels. The government has done it again. Like last year, there has been much hype about a pro-farmer Budget, but in actuality it rests on misleading claims which don’t address the farming crisis. Last year, the agriculture credit target...
More »Crop insurance scheme likely to get ? 13,000cr in FY19 budget
-PTI New Delhi: The government is likely to increase the budget allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to ? 13,000 crore for 2018-19 from ?10,701 crore for the current financial year. The Union Budget for 2018-19 will be presented on February 1. Under the upgraded crop insurance scheme PMFBY that was launched early 2016, farmers pay very nominal premium and get full claim for damages. Budget allocation for the PMFBY could...
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