-Business Standard An uniform premium of 2% needs to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops The government is planning to spend Rs 5,500 crore for the crop insurance scheme that was announced earlier, the Pradhan Mantri Fasal Bima Yojana. In his Budget speech, Finance Minister Arun Jaitley said that the farmers will have to pay a nominal premium for the coverage. There will be an...
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Radha Mohan Singh, Union Minister for Agriculture and Farmers’ Welfare, interviewed by Purnima S Tripathi
-Frontline.in Even though the country is in the grip of an unprecedented agrarian crisis and many parts are experiencing severe drought conditions, Union Agriculture and Farmers’ Welfare Minister Radha Mohan Singh says there is nothing to worry. “The government is fully geared to meet the challenges. All precautionary measures have been taken to help farmers deal with the crisis. They need not fear anything,” he said in a telephonic interview from...
More »PM woos rural India with infrastructure, farm security dreams
-Hindustan Times Bhubaneswar/ Dongargarh: PM Narendra Modi wooed rural India on Sunday, inaugurating a rural-urban or Rurban mission at Dongargarh in Chhattisgarh and exhorting Odisha farmers to sign up for his government’s crop insurance scheme. The Shyama Prasad Mukherji Rurban Scheme, aimed at improving basic infrastructure, was launched from the Maoist-hit district of Rajnandgaon. “When we talk of smart cities, why can’t we talk of smart villages? The villages in our country...
More »Crop insurance is too returns-oriented -PSM Rao
-The Hindu Business Line Farmers’ incomes are too inadequate for actuarial premium rates to work for them The farm crisis in India continues unabated, proving all the governmental nostrums ineffective. Unfortunately, the new crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — recently cleared by the Union Cabinet, to be implemented from the kharif crop cycle beginning this June, too, is unlikely to bring in any significant relief to...
More »New insurance scheme aims to cover 50% of farmers -Sayantan Bera
-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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