-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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Here is why farmers' rights groups are unhappy with PM Modi's insurance scheme for them -Yogesh Pawar
-DNA Widespread damage and loss of the Kharif crop in 2015 due to drought served to highlight the insecurity of the Indian farmers in the face of various challenges beyond their control: drought, hailstorms, unseasonal rains, cyclones, wild animals, epidemics and seed or technological failures, among others. Farm rights movements across the country have rubbished the Pradhan Mantri Fasal Bima Yojna (PMFBY) calling it “a dressed up version of existing crop insurance...
More »A harvest-time gift -Ashok Gulati
-The Indian Express New crop insurance scheme is welcome. Its litmus test: Whether crop-damage assessment can be done within two weeks of the extreme weather event and compensation paid a week after that The Narendra Modi-led government needs to be complimented for taking the first major step to revamp the crop insurance system to address the increasing distress in Indian farming. With back-to-back droughts, and unseasonal rain and hail in certain...
More »New crop insurance scheme to charge 2% premium for pulses -Sanjeeb Mukherjee
-Business Standard At present, the average crop insurance premium on pulses that a farmer has to pay ranges between 10 per cent and 12 per cent of the sum insured New Delhi: To provide a safety net to growers of pulses, which could also help boost production, the Centre's proposed new crop insurance policy has pegged the burden of premium on pulses at a moderate two per cent of the sum insured. Officials...
More »Crop Insurance Claims Settlement Crosses Rs. 15,500 Crore Mark Benefitting Over 4 Crore Farmers
Crop insurance claims settlement has crossed Rs. 15,500 crore mark, benefitting over 4 crore farmers in the country. Crop insurance claims worth Rs. 15,521 crore have been settled as on 24.06.2010. With Rs. 3041 crore, Gujarat is on the top followed by Andhra Pradesh (Rs.2600 crore), Maharashtra (Rs. 1481 crore), Karnataka (Rs. 1406 crore) and Bihar Rs. (1236 crore). From Rabi 1999-2000 to Kharif 2009, 4.27 crore farmers have benefitted...
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