-Financial Express Forget the fanfare about the PM-AASHA scheme that is designed to lend greater price support to farmers, procurement of pulses and oilseeds by the public sector is likely to drop by more than a third in the kharif 2018 season from the year-ago period. The decline in procurement comes after two consecutive kharif seasons in which it surged and reached a critical mass, compared with very small quantities earlier. Just...
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MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
More »Enrolment under PMFBY crop insurance scheme sees steep decline -Sayantan Bera
-Livemint.com Delayed assessment of loss and settlement of claims by insurance companies may have led to farmers losing faith in Pradhan Mantri Fasal Bima Yojana, say analysts New Delhi: Sharad Markad, a lanky teenager from a marginal farming family in Maharashtra, spent the first day of 2019 scrounging for funds. Faced with a drought, the third in the past five years, Markad had taken it upon himself to build a community cattle...
More »Fundamental flaws in crop insurance scheme's design makes it ineffective -Devinder Sharma
-Livemint.com The government did not visualize there were problems in the way it was designed, the methodology itself was faulty Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship programme launched with much fanfare in 2016, has run into rough weather. With both the area covered and the number of enrolled farmers declining, the country’s premium crop insurance scheme is certainly in need of an overhaul. While Parliament’s committee on estimates, chaired by senior...
More »Agra farmer earns Rs 490 from potato crop, sends it to PM Modi in protest
-Hindustan Times Pradeep Sharma, the farmer from Nagla Nathu village in Agra’s Baroli Aheer area, also alleged corruption in the agriculture department with regard to the crop insurance. Lucknow: An Agra-based farmer, who could save a mere Rs 490 after selling 19 tonnes of his potato crop, has sent the entire amount to Prime Minister Narendra Modi by money order as a protest. Pradeep Sharma, the farmer from Nagla Nathu village in...
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