-The Hindu Business Line The main grouse that States have with PMFBY is that while premiums are distributed evenly across participants, claims are cornered by a few Six years after its launch and post multiple overhauls, Pradhan Mantri Fasal Bima Yojana (PMFBY), India’s flagship scheme for crop insurance, has largely failed to deliver on its objectives. An expert committee steered by Ashok Dalwai recently submitted a report showing that, between 2016 and...
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‘Paltry’ insurance payouts irks rain-affected farmers, Centre denies claims -Zia Haq
-Hindustan Times Farm-insurance claims have risen due to extensive crop damage caused by extreme weather conditions this year, but some farmers are angry at being given a pittance as compensation under the Pradhan Mantri Fasal Bima Yojana. Krushna Raut, a farmer in Maharashtra’s Parbhani district, stared in disbelief at a message on his mobile phone, which showed ₹1.76 had been transferred to his bank account towards his crop-insurance claim. He first thought...
More »How Telangana subverted India’s land acquisition law -Faustina Johnson
-Scroll.in In 2013, a new law sought to end land grab in India. Telangana showed how easy it was to undermine it, as it took over farmland for a 20,000-acre pharma city. One day in early August 2021, Papi Reddy took a trip to the revenue office of Yacharam mandal, in Telangana’s Ranga Reddy District, He wanted to claim some money that was due to him under Rythu Bandhu, a state-sponsored agricultural...
More »Crop insurance is not the perfect medication for farmers, says economist -Nagesh Prabhu
-The Hindu A book brought out by NABARD, authored by R.S. Deshpande, says Pradhan Mantri Fasal Bima Yojana carries the baggage of the earlier failed Crop Insurance Schemes A book on the theme “Rainfed Agriculture and Droughts in India” (2022) brought out by the National Bank for Agriculture and Rural Development (NABARD) argues that crop insurance is not a “perfect medication” any more for farmers hit by natural calamities such as floods...
More »India’s facade of agricultural insurance -Shagun, Priya Ranjan Sahu, Rakesh Kumar Malviya, Shuchita Jha and M Raghuram
-Down to Earth Since its launch in 2016, India’s flagship Crop Insurance Scheme has seen a consistent fall in acreage and number of farmers covered Even if a single farmer’s crop is damaged in a village he will get the benefits of insurance - Prime Minister Narendra Modi had said while launching the government’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) from Madhya Pradesh in 2016. The words, however, mean nothing to the farmers...
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