-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...

-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...

-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...

-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)...

-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...