-Business Standard Farmers are not getting enough protection as states mostly do not pay the premium they should With the rains falling in abundance and tomatoes refusing to do so, agriculture economy experts have a lot to say on what both mean for the sector. Both pose a risk to farmers — of floods and of lack of pricing power. Yet the farmers don't have much to fend those off since agricultural insurance...
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Crop Insurance: A flagship scheme that may flatter to deceive -Harish Damodaran
-The Indian Express For farmers, a uniform 2 per cent premium rate on sum insured (SI) for all kharif or monsoon season foodgrains and oilseeds, while 1.5 per cent for rabi winter crops and 5 per cent for annual commercial and horticultural crops, is the lowest they can hope for. The country couldn’t possibly have, at least on paper, a better agricultural Crop Insurance scheme than the Pradhan Mantri Fasal Bima...
More »Rajya Sabha brainstorms on agrarian crisis
-The Hindu BJP lists ‘pro-farmer’ steps; govt. blind to problems: Digvijaya Opposition members in the Rajya Sabha sought to corner the Centre on the issue of agrarian crisis on Tuesday, accusing it of floating policies that were detrimental to farmers’ interests. However, defending the Narendra Modi government, members from the BJP and its allies hailed the “pro-farmer” initiatives taken under his leadership. Prabhat Jha, Parshottam Rupala, Ram Narain Dudi, Sanjay Raut and La....
More »What Crop Insurance? India's farmers have no clue about the covers Centre doles out for them
-The Economic Times Despite the government talking so much about the Pradhan Mantri Fasal Bima Yojana benefiting India's farmers, most of them have not even heard of any Crop Insurance scheme by the Centre. About 67% of the 6,000 farmers surveyed by the Comptroller and Auditor General of India (CAG) had absolutely no idea about government-run Crop Insurance schemes. CAG's report dealt with Crop Insurance schemes from 2011 to 2015, including Prime Minister...
More »CAG spots huge gaps in PM's Fasal Bima Yojana, other Crop Insurance schemes -Sanjeeb Mukherjee
-Business Standard Says over Rs 32,000-crore released to insurers from 2011-16 without verification of beneficiaries The Crop Insurance continues to be a problematic area despite the Centre launching the much-touted Pradhan Mantri Fasal Bima Yojana (PMFBY) from Kharif 2016 replacing two old schemes with no or marginal increase in coverage of non-loanee farmers, lower sum insured as compared to scale of finance and delayed claim settlement which defeated the very purpose of...
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