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Crop insurers made Rs 10,000 crore profit amid agrarian crisis: CSE -Jatin Gandhi

-Hindustan Times The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017. New Delhi: An independent evaluation of the Modi government’s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore in gross profit during the last kharif season, from June to November 2016. However, it settled less than a third of the crop-loss claims filed till early this year. The report released...

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Pradhan Mantri Fasal Bima Yojana -- a good scheme with flawed implementation, says CSE's latest report

-Centre for Science and Environment New Delhi: Centre for Science and Environment (CSE) released here today the first detailed independent evaluation and analysis of the Pradhan Mantri Fasal Bima Yojana (PMFBY) – government’s flagship national agricultural insurance programme. Across the world, agriculture insurance is recognised as an important part of the safety net for farmers to deal with the impacts of extreme and unseasonal weather due to climate change. Releasing the report...

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Farm insurance scheme suffers from flawed execution: CSE

-The Hindu Business Line New Delhi: India’s flagship national agricultural insurance programme — Pradhan Mantri Fazal Bima Yojana (PMFBY) — is found seriously wanting in its implementation at ground level, New Delhi-based Centre for Science and Environment (CSE) said on Friday. “PMFBY is a classic case of poor implementation of a good scheme,” said Chandra Bhushan, CSE deputy director, at a meeting here. This is because at the State level, PMFBY vision...

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Are crop insurance schemes working? CAG report reveals Ishan Kukreti

-Down to Earth Multiple gaps in implementation of crop insurance schemes may have compromised their purpose of benefitting farmers The CAG audit report of the Centre’s crop insurance schemes has highlighted gaps in their implementation that compromise its purpose of providing financial assistance to farmers. The Comptroller and Auditor General of India (CAG) looked into the performance of two schemes—Modified National Agricultural Insurance Scheme (MNAIS) and the National crop insurance Programme (NCIP)...

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Govt admits PM crop scheme lapses

-The Telegraph New Delhi: The government today conceded there were shortcomings in the Prime Minister crop insurance scheme and asked states to set up their own insurance companies to prevent "malpractices" by private firms. Speaking during a five-hour debate on the agrarian crisis in the Lok Sabha late on Wednesday night, agriculture minister Radha Mohan Singh said: "There are shortcomings in the implementation although the modified scheme is very good. We are...

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