-Macroscan.org/ Frontline.in Pradhan Mantri Fasal Bima Yojana (PMFBY) launched in 2016 which is supplemented with Restructured Weather Based Crop Insurance Scheme (RWBCIS), have failed to deliver what it had promised. The number of farmers insured under this scheme has fallen and the claims paid to farmers has fallen from 98% to 61%. The scheme seems to be benefitting the insurance companies as there has been rise in gross premiums paid to...
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Telangana's Rythu Bandhu Insurance Scheme Excludes Large Sections Of Farmers
-Newsclick.in Almost all the farmers from Sitarampur are not eligible under any of the farmers’ schemes in the state as they cultivate endowment lands. Ahead of the 2019 Assembly and Lok Sabha elections, the Telangana government has launched an insurance scheme for farmers, termed as ‘Rythu Bandhu Bheema’, but the real cultivators – landless tenant farmers, agricultural labourers who are considered to be most prone to distress among farming communities are not...
More »PMFBY -- Insurance Companies Make Super Profits, Farmers Suffer -Subodh Varma
-Newsclick.in Insurance companies have already earned about Rs.16,000 crore in three seasons. The much-hyped Pradhan Mantri Fasal Bima Yojana (PMFBY) – supposed to provide insurance protection to farmers against crop losses due to natural events – has turned into a bonanza for insurance companies while farmers are angry over delays in claim settlement, rejections and paltry compensation. Launched in 2016, four full seasons have passed since and the financial transactions show earnings...
More »Farmers in Bidar threaten suicide over non-payment of crop insurance
-TheNewsMinute.com They enrolled for the Pradhan Mantri Fasal Bima Yojana in 2016-17, but allege they have not yet received payments. Around 300 farmers in Bidar threatened to take their own lives, claiming they have not been paid crop insurance for the last two years. The farmers gathered at the Gram Panchayat office in Kosam demanding the payment of crop insurance, which was supposed to be paid to them as part of the...
More »New EPF enrolment during Sep., 2017 to Apr., 2018 confined to a few industries & states, indicates data
A document of the Ministry of Statistics and Programme Implementation (MoSPI) dated 25th June, 2018 says that the number of members subscribing to the Employees' Provident Fund (EPF) scheme gives one an idea of the level of employment in the formal sector viz. mostly employment in establishments employing 20 or more persons (though EPF is applicable for certain organisations, which employ less than 20 persons, subject to certain conditions and...
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