-PTI New Delhi: The government is likely to increase the budget allocation for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to ? 13,000 crore for 2018-19 from ?10,701 crore for the current financial year. The Union Budget for 2018-19 will be presented on February 1. Under the upgraded crop insurance scheme PMFBY that was launched early 2016, Farmers pay very nominal premium and get full claim for damages. Budget allocation for the PMFBY could...
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Union Budget to tackle rural distress, job creation, investments -Gireesh Chandra Prasad
-Livemint.com Immediate challenges to economy top talks between Prime Minister Narendra Modi, senior ministers and economists, sector experts from across India New Delhi: The government on Wednesday signalled that the Union budget for 2018-19 would include solutions for vexed problems such as rural distress, weak employment and revival of private investments. These immediate challenges to the economy topped the extensive discussion that Prime Minister Narendra Modi and senior cabinet colleagues had on Wednesday...
More »Upper caste Farmers stand to gain more from loan waivers -Roshan Kishore
-Hindustan Times Access to formal credit can be a major game-changer in determining farm-incomes. It is to be expected that richer Farmers would find it easier to avail of formal credit lines. What ails Indian Farmers? The answer to this question is often mired in ideological quarrels. Some blame a lack of reforms in agricultural markets, while others accuse the state of not doing enough to support farming. Systemic issues are...
More »Water-scarce Bundelkhand: Clashes, anxiety as stray cattle take over fields -Sarah Hafeez
-The Indian Express A water-scarce region, Bundelkhand has been battling drought, debt and poverty for over a decade. In the past three years, “anna pashu (stray cattle)” has been added to the list, now building up to a serious crisis. The cattle have started endangering the Rabi crop. Hamirpur (Uttar Pradesh): On December 25, to mark former Prime Minister Atal Bihari Vajpayee’s birthday with ‘gau sewa’, Uma Kant, the director of BNV...
More »Rural indicators point to worsening farm distress -Sayantan Bera
-Livemint.com Sluggish wage growth, lower crop planting, fluctuating prices paint a dismal picture for Farmers and the agriculture sector New data released by the government on rural wages, crop prices and sowing of winter crops reveals that rural distress is worsening. Planting of wheat, the main winter crop, between October and early January was 5% lower than a year ago due to lower sowing in Madhya Pradesh by close to a million hectares;...
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