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Farmers await crop insurance payout, 55% claims pending -Sayantan Bera

-Livemint.com Under the flagship crop insurance scheme Pradhan Mantri Fasal Bima Yojana, Rs5,875 crore, or just 45%, has been paid to farmers, agriculture ministry data shows New Delhi: Farmers who suffered crop losses in 2016-17 are yet to receive insurance compensation for 55% of estimated claims under the flagship Pradhan Mantri Fasal Bima Yojana (PMFBY), shows latest numbers from the agriculture ministry. The data shows that insurance companies collected Rs22,338 crore in 2016-17...

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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...

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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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Food and farming: Two futures -Vandana Shiva

-Deccan Chronicle The slogan was that there would never again be scarcity of food because we can now make “bread from air”. There are two distinct futures of food and farming. One leads to a dead end. A dead planet: poisons and chemical monocultures spreading; farmers committing suicide due to debt for seeds and chemicals; children dying due to lack of food; people dying because of chronic diseases spreading due to nutritionally empty, toxic...

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Settlement of claims under crop insurance plan delayed by states: Radha Mohan Singh -Sayantan Bera

-Livemint.com States like Bihar and Kerala did not deposit their share of insurance premium on time, delaying payments to farmers, says agriculture minister Radha Mohan Singh New Delhi: Due to states delaying assessment of crop loss, settlement of claims under the centre’s flagship crop insurance scheme is getting delayed, agriculture minister Radha Mohan Singh said on Wednesday. The minister also complained that some states like Bihar and Kerala did not deposit their...

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