-Livemint.com The government did not visualize there were problems in the way it was designed, the methodology itself was faulty Pradhan Mantri Fasal Bima Yojana (pmfby), the flagship programme launched with much fanfare in 2016, has run into rough weather. With both the area covered and the number of enrolled farmers declining, the country’s premium crop insurance scheme is certainly in need of an overhaul. While Parliament’s committee on estimates, chaired by senior...

-Newsclick.in The Modi government paid Rs.34,859 crore and farmers paid Rs.7,255 crore to insurance companies in three crop seasons. Among the series of schemes launched (or repackaged) by the Narendra Modi-led National Democratic Alliance government, one of the most toxic is the Pradhan Mantri Fasal Bima Yojana (pmfby). Its purpose is to provide crop insurance to farmers, that is, if the crop fails due to some non-preventable reason, such as weather calamity...

-TheWire.in Claims have remained unpaid even after the stipulated period of two months has long passed. New Delhi: In January 2016, when the Narendra Modi led government announced the new crop insurance scheme – Pradhan Mantri Fasal Bima Yojana (pmfby) – it had said that one of the key improvements over previous schemes would be that claims would be settled on time. However, RTI data received and reviewed by The Wire has revealed...

-Financial Express Implementation of farm loan waivers by various state governments has led to a sharp decline in both the number of insurance policies and the farm area insured under the Pradhan Mantri Fasal Bima Yojana (pmfby). According to data gathered by FE, during kharif 2018 (the harvesting of the crop is on), the number of insured loanee farmers under pmfby was just over 2 crore, compared with 3 crore such...

-The Hindu For state-sponsored insurance, governments should avoid insurance companies World Bank data, in 2015, showed that nearly 65% of health-care expenditure in India is “Out of Pocket” (OoP). A report by the World Health Organisation has shown that around 3.2% of Indians would fall below the poverty line because of high OoP health expenditure. Thus, a national health insurance scheme like the Ayushman Bharat is welcome. While the principle of insuring a...