-The Indian Express Subsidy for crop insurance is preferable to fertiliser, power or farm credit. But Centre should bear the full cost for the scheme. A well-conceived and pro-farmer crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — is faced with the prospect of going the fertiliser subsidy way. Just as in the latter’s case, the benefits from subsidy on crop premiums, too, seems to be going primarily...
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Rhetoric no salve for farm distress -PP Sangal
-Financial Express Farmers in India (also in undivided India) have generally been poor, and it has not been only the phenomenon of post-reforms period in Independent India, as believed by some. Yes, now it is becoming worse day by day. Farmers’ distress over the past few years has taken a new dimension so much so that political parties, without exception, are now using it as an opportunity to win elections by...
More »Niti Aayog bats for direct benefit transfer to farmers -Yogima Sharma
-The Economic Times NEW DELHI: Farmers could get annual income support of Rs 15,000 per hectare if the Niti Aayog’s proposal for an upfront subsidy through direct benefit transfer is accepted, said people with knowledge of the matter. The Aayog has suggested that all subsidies for agriculture, including fertiliser, electricity, crop insurance, irrigation and interest subvention be replaced by income transfer. Telangana and Odisha have adopted income support to help alleviate agrarian...
More »Rythu Bandhu scheme: Is RBS a panacea to loan waivers? -Kushankur Dey
-Financial Express With the 2019 Lok Sabha elections approaching, the government plans to offer a stimulus package in the form of agricultural investment support scheme and group insurance to farmers, which could otherwise subsume the fumes of the farm loan waiver burden. Can the government consider Telangana’s Rythu Bandhu Scheme (RBS) on a scaled down version? RBS has a grant component of Rs 4,000 per acre per farmer for one season (kharif/rabi)....
More »Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss -George Mathew
-The Indian Express According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. Mumbai: ELEVEN private insurers are set to register profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs...
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