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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Defaulting Punjab farmers face jail as banks file criminal cases -Anju Agnihotri Chaba
-The Indian Express All the farmers who faced criminal action for defaulting on Loans say they were made to sign on blank cheques. “If you write about our plight, will the government stop banks from sending us to jail?,” asks Ujagar Singh. The 60-year-old from Jhumba village in Bathinda district is among scores of Punjab farmers who have been convicted or are facing trial in criminal cases of cheque-bouncing filed by banks...
More »The Modi Years: Do farmers have better protection against crop losses? -Mridula Chari
-Scroll.in Private insurance companies have benefitted more than farmers from the new crop insurance scheme. Pradhan Mantri Fasal Bima Yojana was launched to expand crop insurance coverage in India But coverage has shrunk, despite compulsory enrollment of farmers at the time of taking Loans Private companies retain a larger share of government funds than before Farmer groups have opposed compulsory enrollment and complained about payment delays. In its manifesto for the...
More »144% More Funds For Agriculture, But Not Enough To Quell Farm Unrest - Nilachala Acharya
-IndiaSpend/ CBGA Agriculture has got an unprecedented 144% rise in allocation in the interim budget announced by the Bharatiya Janata Party (BJP) government--from Rs 57,600 crore in the 2018-19 budget estimates to Rs 1,40,764 crore in the interim budget. This took the share of the agriculture ministry in the total union budget to 5.2%, a benchmark succeeding governments will be compelled to match for political reasons. For context, the share has been...
More »The shape of the jobs crisis -Santosh Mehrotra
-The Hindu India has no industrial policy or employment strategy to ride the wave of its demographic dividend Job creation has slowed since 2011-12, the year of the last published National Sample Survey Office (NSSO) labour force survey. I used Labour Bureau annual survey (2015-16) data and Centre for Monitoring Indian Economy Pvt. Ltd. (CMIE) data (post-2016), which has a sample size larger than the NSSO labour force surveys, to reach this...
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