-Business Standard The state demands that the insurance scheme should cover the produce lying in market yards, waiting to be bought by agencies Chandigarh: The Pradhan Mantri Fasal Bima Yojana, hailed as one of the most farmer-friendly crop insurance schemes of independent India, has run into rough weather in Punjab. The state is at loggerheads with the Centre over the efficacy of the crop insurance scheme. "The new scheme provides an indemnity level...
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End of crop loan subsidy likely to heighten defaults, banks say -Namrata Acharya
-Business Standard But RBI data suggest that by replacing interest subsidy with crop insurance, government can use about Rs 12,500 cr to facilitate crop insurance scheme If a recent recommendation of the Reserve Bank of India (RBI) on crop loan subsidy is approved by the government, agricultural loans are set to become as costly as home loans or car loans. RBI has suggested interest subvention on crop loans should be phased out,...
More »Is Gujarat not part of India? SC questions failure in implementing MNREGA, Food Act
-PTI The bench also asked the Centre to collect and collate information from drought-hit states on the status of welfare schemes like MGNREGA, National Food Security and mid-day meal. The Supreme Court on Monday came down heavily on certain states for not implementing welfare legislation National Food Security Act, saying that why a state like Gujarat is not implementing the law passed by Parliament. “What is Parliament doing? Is Gujarat not a...
More »From Plate to Plough: How to expand inclusion -Ashok Gulati & Prerna Terway
-The Indian Express Building on the Jan Dhan framework, India should move from price to income support Financial inclusion is an important policy pillar of the Narendra Modi government to ensure inclusive development (sabka saath, sabka vikas). What it means, in brief, is to mainstream financial services for the masses, especially credit at affordable costs from institutional sources. This is not the first time financial inclusion is being given a thrust. Various...
More »Is new crop insurance panacea for all ills? -K Venkateshwarlu
-The Hindu Crop insurance has always been a knotty issue with the two previous ones, National Agricultural Insurance Scheme (NIAS) of 1999 and the Modified NAIS of 2010 failing to address the concerns. Hyderabad: Agriculture scientists, NGOs and farmer leaders have picked holes in the recently launched Pradhan Mantri Fasal Bhima Yojana (PMFBY) touted as the much-awaited ‘suraksha kavach’ (shield) and panacea for all crop insurance related ills. Crop insurance has always been...
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