-Livemint.com Pradhan Mantri Fasal Bima Yojana will kick in from April, before planting for the next rain-fed kharif crop begins The government wants to cover 50% of all farmers under a new and revamped crop insurance policy that seeks to shield farmers from weather-related risks, Prime Minister Narendra Modi said on Thursday. The new scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), was approved by the cabinet on 13 January to address rural...
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New insurance scheme has nothing for farmers: Swaraj Abhiyan
-PTI "At the ground level, PMFBY and the Guidelines will make no difference to the farmer-as is prevalent now, the insurance premium will be deducted without the farmers' knowledge, consent and information and when there is crop loss, the same yield based assessment arbitrarily decided by patwaris will apply," Abhiyan added. Criticising the new crop insurance scheme launched by Prime Minister Narendra Modi, Swaraj Abhiyan said it will make no difference to...
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KEY TRENDS • The report entitled Pradhan Mantri Fasal Bima Yojana: An Assessment from the Centre for Science and Environment (released on 21 July, 2017) finds that PMBY is not beneficial for farmers in vulnerable regions. For farmers in vulnerable regions such as Bundelkhand and Marathwada, factors like low indemnity levels, low threshold yields, low sum insured and default on loans make PMFBY a poor scheme to safeguard against extreme weather events. CSE's...
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