The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...
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PMFBY -- Insurance Companies Make Super Profits, Farmers Suffer -Subodh Varma
-Newsclick.in Insurance companies have already earned about Rs.16,000 crore in three seasons. The much-hyped Pradhan Mantri Fasal Bima Yojana (PMFBY) – supposed to provide insurance protection to farmers against crop losses due to natural events – has turned into a bonanza for insurance companies while farmers are angry over delays in claim settlement, rejections and paltry compensation. Launched in 2016, four full seasons have passed since and the financial transactions show earnings...
More »Unseasonal rains: Little impact on rabi output, say officials
-The Financial Express The recent spell of unseasonable rains and hailstorms in a clutch of northern states haven’t had any major adverse impact on the rabi crop being harvested, officials claimed, based on field reports. The agriculture ministry has been expecting all-time high foodgrain production of 277.5 million tonnes in 2017-18 crop year (July-June) on good distribution of monsoon rainfall last year, even though pan-India rains were just 95% of the...
More »Beyond the News: Why light showers now bring good news for farmers -Harish Damodaran
-The Indian Express Minimum temperatures are likely to come down by 2-3 degrees Celsius in Northwest, Central and Western India over the next 48 hours, the IMD said. The current spell of rain in North and Central India will be beneficial to the standing rabi crop, especially wheat, though there are concerns over chana (chickpea) and masur (lentil) that are in the maturity or harvesting stages. “This rain is very good for wheat...
More »In parched Bundelkhand, a new burden for farmers: Build fences to keep cattle out -Harish Damodaran
-The Indian Express Gauraksha is fine, but who will protect our crop from stray cattle, ask farmers. Jhanshi: With Rs 1.5 lakh, a farmer can buy three Holstein Friesian crossbred cows, each giving 4,000 litres or more of milk annually. But Rs 1.5 lakh is roughly what Bhupendra Patel has spent on fencing his 10-acre farm at Dhawari village in Jhansi district’s Tahrauli tehsil. The seven-feet-high barbed-wire enclosure is only to prevent...
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