The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...
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Premium delayed, farmer denied -Ashok Gulati & Siraj Hussain
-The Indian Express Pradhan Mantri Fasal Bima Yojana does not inspire confidence of farmers. They have to wait for months, sometimes years to get compensation. This article is the second in the series assessing the performance of the BJP-led NDA government at the Centre in the agri-food space over the last four years. The first one appeared in this newspaper on May 2 (IE, ‘Four years of neglecting farmers’). Here we look...
More »PMFBY reaping the failure sown by states -Ashok Gulati
-Financial Express The PMFBY involves farmers, banks, state and central government, insurance companies and re-insurers. This article is second in the series to assess performance of BJP-led NDA government at the Centre in agri-food space over the last four years. The first one appeared in this paper on April 30 (goo.gl/AGnEaJ).Here, we look at BJP’s promise in its manifesto, namely, “implement a farm insurance scheme to take care of crop loss”....
More »Crop insurance scheme loses sheen as coverage area reduces
-The Tribune New Delhi: The Narendra Modi government’s flagship crop insurance scheme, launched with much fanfare two years ago, has witnessed negative growth this year as the coverage has reduced to 24 per cent of gross cropped area (GCA) in 2017-18 from 30 per cent in 2016-17. This, when the actual target for the current year was 40 per cent. Similarly, the number of farmers insured during both the kharif and rabi...
More »Waiving off loans not a solution -Ashok Gulati and Gayathri Mohan
-The Indian Express First, let us compliment both the parties—farmers and the state government—in Maharashtra’s agrarian crisis for reaching an amicable solution, at least for the time being, and averting a major chaos or violence. First, let us compliment both the parties—farmers and the state government—in Maharashtra’s agrarian crisis for reaching an amicable solution, at least for the time being, and averting a major chaos or violence. Farmers deserve appreciation for...
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