-The Telegraph The scheme has consumed thrice as much money as earlier schemes without increasing the number of beneficiaries The new farm insurance scheme, introduced in 2016, the Pradhan Mantri Fasal Bima Yojana, has reportedly consumed thrice as much money as earlier schemes without either increasing the number of beneficiaries or giving farmers a fair claim. The pmfby allows states to choose insurance companies through competitive bidding. Companies which propose to collect...
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Farm Distress Stands In The Way Of A Fourth Term For The BJP In Chhattisgarh -Shreehari Paliath
-IndiaSpend.com Baloda Bazar, Kabirdham (Kawardha), Rajnandgaon, Mahasamund, Kanker (Chhattisgarh): “I’ll ask them to give me a job first and then think about giving my vote,” said 28-year-old Kekti Verma, holding back her tears. “I have three girls, the eldest one is 10 and youngest four. I haven’t got any help till date from the government.” Kekti is the widow of Dhal Singh Verma, a two-acre paddy farmer in Sararidih in Baloda...
More »Crop insurance under a cloud
-The Tribune Need to readjust premium to favour farmers Insurance firms, both in the public and private sectors, have reportedly made a killing by offering crop insurance to farmers in about two dozen states. The Tribune reported abnormal gains by a dozen insurance firms through the Pradhan Mantri Fasal Bima Yojna (pmfby). Insurers reportedly received a gross premium of Rs 22,362 crore under the scheme in 2016-17 and saved huge sums even...
More »Firms earned Rs 15,795 crore in 2 years of Fasal Bima Yojana -Deepender Deswal
-Tribune News Service RTI reply indicates 1.5 times jump in profit of insurers in a year Hisar: Insurance companies across the country earned a whopping Rs 15,795 crore as profit in two years from the Pradhan Mantri Fasal Bima Yojana (pmfby), according to a reply received under the Right to Information Act. While the farmers’ wait for increase in income continues, the profit of insurance firms increased by one-and-a-half times in just one...
More »Agriculture needs govt boost: Both pmfby and PMKSY are flagging, revive them
-Financial Express While the government has reason to be pleased about the fact that the claims paid to farmers under the Pradhan Mantri Fasal Bima Yojana (pmfby) have risen by around 50%, to Rs 15,181 crore in Kharif 2017 as compared to Rs 10,425 crore in Kharif 2016, what is worrying is the dip in both the number of farmers as well as land area covered by the scheme. More so...
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