The Government on Thursday approved the Modified National Agricultural Insurance Scheme (MNAIS). Significantly, private sector insurers with adequate infrastructure and experience will also be allowed in the implementation of MNAIS. “With the introduction of the modified scheme, it is expected that an increased number of farmers will be able to manage risk in agriculture production in a better way and will succeed in stabilising farm income particularly at times of crop failure...

With global warming now becoming a permanent fixture in the Indian agriculture landscape, state governments and insurance firms are rushing to provide crop insurance for farmers. Take the case of Rajasthan, which is now looking at extending agri-insurance cover across its 33 districts this year compared to 26 last year. Ditto with Himachal Pradesh and Haryana which would run the Rashtriya Krishi Bima Yojana from this kharif onwards. The cover...

  KEY TRENDS   • The report entitled Pradhan Mantri Fasal Bima Yojana: An Assessment from the Centre for Science and Environment (released on 21 July, 2017) finds that PMBY is not beneficial for farmers in vulnerable regions. For farmers in vulnerable regions such as Bundelkhand and Marathwada, factors like low Indemnity levels, low threshold yields, low sum insured and default on loans make PMFBY a poor scheme to safeguard against extreme weather events. CSE's...