-The Financial Express A new crop insurance scheme the Modi government is set to roll out shortly seeks to cap the premium paid by farmers at about 3% of the insured value. A new crop insurance scheme the Modi government is set to roll out shortly seeks to cap the premium paid by farmers at about 3% of the insured value, cover a substantial part of the country’s farmland and crop output...
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MP loan scam: Interest subsidy for 1.77 lakh ‘ghost’ farmers swindled -Amarjeet Singh
-The Times of India BHOPAL: At a time when suicides by farmers in Madhya Pradesh following scanty rain and poor yield have brought back focus on their plight, allegedly more than 1.77 lakh ghost farmers benefitted from interest subsidies on their loans. Putting a question mark on the much hyped 0% interest farm loan scheme of the state government, a series of RTI queries by TOI revealed that between 2007-08 and 2012-13,...
More »Killing fields
-The Hindu Business Line Crop insurance will make farming a safer vocation The plight of Punjab’s cotton farmers after a swarm of ‘whiteflies’ ravaged their crop is truly disquieting. In a knee-jerk response, Punjab has promised ₹640 crore for over two-third of the crop being destroyed, but on what basis, it is hard to tell. This highlights the absence of crop insurance in Punjab, as pointed out by a recent Crisil study....
More »New crop insurance scheme to charge 2% premium for pulses -Sanjeeb Mukherjee
-Business Standard At present, the average crop insurance premium on pulses that a farmer has to pay ranges between 10 per cent and 12 per cent of the sum insured New Delhi: To provide a safety net to growers of pulses, which could also help boost production, the Centre's proposed new crop insurance policy has pegged the burden of premium on pulses at a moderate two per cent of the sum insured. Officials...
More »Centre unveils package to tackle rural distress --Elizabeth Roche, Saurabh Kumar and Utpal Bhaskar
-Livemint.com MGNREGS work days increased to 150 from 100; Rs.5,142 cr rurban project to create 300 smart village clusters New Delhi: The National Democratic Alliance (NDA) government on Wednesday unveiled a package of measures to combat rural distress in the backdrop of a below-average monsoon rainfall. The Union cabinet decided to increase the number of days of employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) from the existing 100...
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