The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...
More »SEARCH RESULT
Total Matching Records found : 1056
Defaulting Punjab farmers face jail as banks file criminal cases -Anju Agnihotri Chaba
-The Indian Express All the farmers who faced criminal action for defaulting on loans say they were made to sign on blank cheques. “If you write about our plight, will the government stop banks from sending us to jail?,” asks Ujagar Singh. The 60-year-old from Jhumba village in Bathinda district is among scores of Punjab farmers who have been convicted or are facing trial in criminal cases of cheque-bouncing filed by banks...
More »The Modi Years: Do farmers have better protection against crop losses? -Mridula Chari
-Scroll.in Private insurance companies have benefitted more than farmers from the new crop insurance scheme. Pradhan Mantri Fasal Bima Yojana was launched to expand crop insurance coverage in India But coverage has shrunk, despite compulsory enrollment of farmers at the time of taking loans Private companies retain a larger share of government funds than before Farmer groups have opposed compulsory enrollment and complained about payment delays. In its manifesto for the...
More »144% More Funds For Agriculture, But Not Enough To Quell Farm Unrest - Nilachala Acharya
-IndiaSpend/ CBGA Agriculture has got an unprecedented 144% rise in allocation in the interim budget announced by the Bharatiya Janata Party (BJP) government--from Rs 57,600 crore in the 2018-19 budget estimates to Rs 1,40,764 crore in the interim budget. This took the share of the agriculture ministry in the total union budget to 5.2%, a benchmark succeeding governments will be compelled to match for political reasons. For context, the share has been...
More »RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh
-The Hindu Business Line In the wake of the government announcing direct income support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...
More »
