-The Indian Express "Opposition-ruled Maharashtra, Rajasthan and Chhattisgarh record highest coverage, even as many states, including Gujarat and MP, pull out of Modi government's flagship insurance scheme. Pradhan Mantri Fasal Bima Yojana (PMFBY) has seen a sharp drop in the number of farmers covered and sums insured in the current kharif cropping season. This comes even as many states – Andhra Pradesh, Telangana, Jharkhand, Gujarat and Madhya Pradesh – have exited or...
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Why Have Some States Lost Interest in the Centre's Flagship Crop Insurance Scheme? -Siraj Hussain
-TheWire.in The Pradhan Mantri Fasal Bima Yojana programme will complete five years when rabi crops are harvested in March-April 2021. But it's been a bumpy ride for most of the way so far. Out of all the ‘Pradhan Mantri’ schemes launched over the last few years – and there have been quite a few – none has received as much criticism as the PM Fasal Bima Yojana (PMFBY). Due to the variety of...
More »Centre Opts for Long-Term Agricultural Reforms, Leaving Farmers ‘Atmanirbhar’ in Crisis -Kabir Agarwal
-TheWire.in The government has failed to provide compensation and relief to farmers for the losses suffered during the lockdown, primarily because it lacks the fiscal space. New Delhi: On Friday, finance minister Nirmala Sitharaman held her third press conference in as many days to follow up on Prime Minister Narendra Modi’s promise of a Rs 20 lakh crore financial stimulus package. After focussing on Micro, Small and Medium Enterprises (MSMEs), and migrant...
More »PMFBY 2.0: A revamped Crop Insurance Scheme -Amit Mohan Prasad
-The Indian Express The recent tweaks to the Pradhan Mantri Fasal Bima Yojana, including making it 100% voluntary and capping premiums at 30%, are going to be a game-changer. The Centre has recently revamped the Pradhan Mantri Fasal Bima Yojana (PMFBY) that will have far-reaching impact on the implementation of this flagship Crop Insurance Scheme. Launched in the 2016 kharif season, PMFBY makes the insurance companies liable for full risk coverage. Farmers...
More »By making crop insurance optional for farmers, has the Centre effectively ended the scheme? -Siraj Hussain
-TheWire.in Making crop insurance mandatory for loanee farmers provided an attractive deal for insurance companies. Without this, will the business still be viable? This is the first in a two-part series about the changes made to the Pradhan Mantri Fasal Bima Yojana. On February 19, 2020, the Union Cabinet approved major modifications to the two Crop Insurance Schemes, the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS). While...
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