-Livemint.com To increase farmers’ enrolment in the PMFBY, the Karnataka government started deducting compulsory insurance premiums for almost all crop loans disbursed Bengaluru: The Karnataka government’s initiatives to enrol more farmers under the Pradhan Mantri Fasal Bhima Yojana (PMFBY)—to ensure continued Central assistance to help mitigate the economic impact of deficient rainfalls and resulting crop damage—seems to have paid off as the number of enrolments in the state during the Kharif...

-Livemint.com Only 23.6% of farmers enrolled for the scheme in 2016, against 22.2% in 2015 New Delhi: Despite setting an ambitious target to cover half of all farmers under crop insurance, the first season rollout of the Pradhan Mantri Fasal Bima Yojana (PMFBY) has been tepid. According to the agriculture ministry, during the kharif 2016 season beginning June this year, 32.6 million farmers enrolled under PMFBY. While that is a 6.3% rise in...

-India Water Portal Despite farmers’ apprehension, the new Crop Insurance Scheme, Pradhan Mantri Fasal Bima Yojana, is considered a game changer. “Agriculture is a highly risky venture,” says Nagi Reddy, a farmer in Anantapur. Reddy is a small farmer affected by uncertainty in crop production stemming from unpredictable weather events and pest attacks, especially in his cotton crop. He works on his 2.5-acre farm and the rest of the time, he...

-Livemint.com International Fund for Agricultural Development calls on govts in the Asia-Pacific region to develop targeted policies and invest in promoting inclusive development of rural areas New Delhi: Inclusive rural transformation is essential to eliminate poverty and hunger and to build inclusive and sustainable societies, according to a report compiled by the International Fund for Agricultural Development (IFAD). The rural development report 2016, released in New Delhi on Monday, points out that policies,...

-The Hindu Business Line About 3.15 crore farmers have been insured this kharif season against 3.08 crore last year, claims Agriculture Ministry New Delhi: The Centre appears to have scored some points on the success of the recently-launched Pradhan Mantri Fasal Bima Yojana — the flagship insurance scheme for farmers. Going by the latest estimates of coverage and the sum insured it has seen a marginal increase vis-a-vis last year. “We are still compiling...