-Down to Earth The state is considering rolling out its own insurance programme for farmers Maharashtra may follow several other big states and opt out Pradhan Mantri Fasal Bima Yojana (PMFBY), the Narendra Modi government’s much-vaunted Crop Insurance Scheme. India’s second-most populous state may replace the central scheme with its own — a step already adopted by states like West Bengal. Farmer groups have already flagged irregularities in PMFBY at a February 1,...
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The Ailing PM Fasal Bima Yojana Needs a Structural Redesign -Baikunth Roy and Satyendra Kumar
-TheWire.in Despite increasing allocated funds, the Union government has been unable to significantly improve penetration of crop insurance in terms of enrolled farmers and insured areas. India’s agriculture sector, which provides employment to more than 50% of the labour force and contributes about 17% of the gross domestic product, currently faces multiple challenges. Smaller land holdings, unfavourable climate changes events, dismal public and private investment, low monthly incomes, a high proportion of...
More »A cutback in PMFBY funding may further affect the timely release of compensation for crop failures
On February 18, 2016, India’s Prime Minister Shri Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana. After its launch, the PMFBY was implemented by 21 states during kharif 2016, whereas in rabi 2016-17, 23 states and 2 UTs implemented the same. The Central Government launched the PMFBY in the kharif season of 2016 with the intention to help farmers cope with crop losses because of unseasonal and extreme weather....
More »A recipe to deepen the distress in rural economy -Himanshu
-Livemint.com Rural economy has to deal with declining incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...
More »1,750 Indians died due to extreme weather events in 2021, says new IMD report
In the month of January this year, more than 100 homeless persons died (please click here and here to access) in Delhi-NCR due to cold wave like conditions. Although a Delhi-based non-government organisation (NGO) Centre for Holistic Development (CHD) made that claim, and therefore asked the Chief Minister of Delhi to make proper arrangements for the homeless poor during winters, the officials of the Delhi Urban Shelter Improvement Board (DUSIB)...
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