-The Economic Times NEW DELHI: The Pradhan Mantri Fasal Bima Yojana (PMFBY) launched during the 2016 kharif season to help farmers insure their crops against natural calamities has provided coverage to 366.64 lakh farmers (26.50%), the agriculture ministry has said. The ministry expects the scheme to exceed the target of 30% coverage for both kharif and Rabi seasons in 2016-17. The scheme covers 388.62 lakh hectare with sum insured of Rs 1, 41,339...
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More than 26% of farmers covered under govt's crop insurance scheme
-The Financial Express More than 3.66 crore farmers of the estimated 14 crore in the country were enrolled with the NDA government’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) in the recently-concluded kharif season (2016-17) and overall coverage of crop insurance is set to surpass the target set for the year, an agriculture ministry statement on Wednesday stated. “As on date the scheme has provided coverage to 3.66 crore farmers (26.50%) and...
More »The mystery of agricultural growth -Himanshu
-Livemint.com Latest data released by ministry of agriculture shows that sowing of Rabi crops, expected to be higher than last year, is still lower than normal area sown That demonetisation will cause Indian economic growth to slow is no longer a matter of speculation. While clear estimates of the extent of deceleration will only emerge after some time, preliminary estimates of automobile sales and the purchasing managers’ index (PMI) for manufacturing...
More »MGNREGA spending high, call for Rs 10,000 crore extra -Shalini Nair
-The Indian Express As part of the first supplementary grant of demands, the ministry had released an additional Rs 5,000 crore — a third of the Rs 15,000 crore the MoRD had demanded to meet increased expenditure in drought-affected states. The Ministry of Rural Development has sought Rs 10,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) as part of the second batch of supplementary demand of grants, set...
More »For agri input providers, rising crop acreages is bittersweet news -R Sree Ram
-Livemint.com While the good news is that crop acreages are not hit, the bad news is that the cash crunch is impacting sales—if this lasts long, demand destruction can be severe The winter or Rabi crop sowing has gathered pace after a setback. The past two readings from the ministry of agriculture show crop sowing growth of 4-8% from the year-ago levels. In the first week after demonetisation, sowing dropped 0.7%. Sowing has now...
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