-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...
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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...
More »Crop insurance footprints increased but delayed claim payouts left farmers in crisis -Vishwa Mohan
-The Times of India NEW DELHI: New Delhi: New crop insurance scheme, launched in Kharif (summer-sown) season of 2016, has increased its footprints across the country with more area being covered in 2016-17 as compared to 2015-16 and 2014-15, but it has miles to go before it can actually bring relief to farmers due to current delay in claim disbursement. The claim settlement is not as fast as it was expected during...
More »Union Finance Minister Shri Arun Jaitley Holds Pre-Budget Consultation Meeting with the representatives of different Agriculture Groups
-Press Information Bureau/ Ministry of Finance The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley said that there is a need to conserve water, incentivize agro processing and promote balanced use of fertilizers in order to ensure higher agriculture productivity. The Finance Minister said that in order to achieve the goal of doubling the farmer’s income by 2022, there is need for better storage and marketing facilities for the...
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