-Financial Express Implementation of farm loan waivers by various state governments has led to a sharp decline in both the number of insurance policies and the farm area insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY). According to data gathered by FE, during kharif 2018 (the harvesting of the crop is on), the number of insured loanee farmers under PMFBY was just over 2 crore, compared with 3 crore such...
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The BJP government's crop insurance scheme costs more and works less -Nilesh Jain
-The Telegraph The scheme has consumed thrice as much money as earlier schemes without increasing the number of beneficiaries The new Farm Insurance scheme, introduced in 2016, the Pradhan Mantri Fasal Bima Yojana, has reportedly consumed thrice as much money as earlier schemes without either increasing the number of beneficiaries or giving farmers a fair claim. The PMFBY allows states to choose insurance companies through competitive bidding. Companies which propose to collect...
More »Farmers and Their Nation
-Economic and Political Weekly The cultivating millions need a responsive nation; they have decided not to flee or desert it. In the last few months, the All India Kisan Sangharsh Coordination Committee (AIKSCC), consisting of nearly 200 farmers’ organisations, has been mobilising farmers for a march towards Delhi (Dilli Chalo). They plan to reach the capital city on 29 and 30 November. The AIKSCC’s main agenda is the demand for a special...
More »Crop insurance under a cloud
-The Tribune Need to readjust premium to favour farmers Insurance firms, both in the public and private sectors, have reportedly made a killing by offering crop insurance to farmers in about two dozen states. The Tribune reported abnormal gains by a dozen insurance firms through the Pradhan Mantri Fasal Bima Yojna (PMFBY). Insurers reportedly received a gross premium of Rs 22,362 crore under the scheme in 2016-17 and saved huge sums even...
More »Farm Distress Stands In The Way Of A Fourth Term For The BJP In Chhattisgarh -Shreehari Paliath
-IndiaSpend.com Baloda Bazar, Kabirdham (Kawardha), Rajnandgaon, Mahasamund, Kanker (Chhattisgarh): “I’ll ask them to give me a job first and then think about giving my vote,” said 28-year-old Kekti Verma, holding back her tears. “I have three girls, the eldest one is 10 and youngest four. I haven’t got any help till date from the government.” Kekti is the widow of Dhal Singh Verma, a two-acre paddy farmer in Sararidih in Baloda...
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