-Livemint.com * At a time when rural incomes are sliding, the only existing safety net for the farmer is failing * High costs of reinsurance due to erratic weather, a spike in claims, political interference in Crop Loss estimation are reasons that forced some insurers to leave the business NEW DELHI: Santosh Kumar’s first brush with insurance left a bitter aftertaste. A farmer’s son, 26-year-old Kumar from Bihar’s Araria district felt betrayed when...
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Fasal Bima, a story of dashed hopes -Radheshyam Jadhav
-The Hindu Business Line Farmers, reeling under Crop Losses, feel the Centre’s crop insurance scheme is merely helping insurance firms make profits. Radheshyam Jadhav reports After completing his graduation, Ramkisan Nirmal took up a challenge. Unlike other youths who prefer to migrate to nearby cities in search of jobs, Ramkisan dreamed of becoming a farmer and prove that with modern technology and efforts, agriculture could become a profitable venture. In his drought-prone village...
More »Bengal CM Mamata Banerjee pegs loss due to cyclone Bulbul at Rs 50,000 crore
-PTI Those who have enrolled their names for the state government's crop insurance scheme would get 100 per cent coverage for their loss, Mamata Banerjee asserted. West Bengal Chief Minister Mamata Banerjee, after conducting an aerial survey of cyclone Bulbul-hit areas in North 24 Parganas, said on Wednesday that the loss incurred by the state due to the natural calamity might go up to Rs 50,000 crore. Mamata Banerjee handed over a cheque...
More »Heavy rain hits harvest, Maharashtra faces Crop Loss of Rs 5,000 crore in 30 districts -Parthasarathi Biswas
-The Indian Express In many areas, farmers had harvested their crop but did not get time to shift the produce to a dry location as the rain caught them unawares. Farmers in Maharashtra are staring at Crop Loss of over Rs 5,000 crore across 30 districts after heavy rain caused extensive damage to standing crop in the last few days. The scale of Crop Loss may be even worse as authorities...
More »MP farmer commits suicide over delay in damaged crop compensation
-Hindustan Times The local Bharatiya Janata Party legislator Mahendra Rai said Gwal killed himself because he didn’t get the compensation towards his damaged crop on time. Sagar/ Bhopal (Madhya Pradesh): A 42-year-old farmer, who allegedly drank poison on Sunday evening in Bina town of Madhya Pradesh’s Sagar district after his crops were damaged, died on Monday, said police. Sagar’s superintendent of police Amit Sanghi said Kamal Chand Gwal was upset due to soybean...
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