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PMFBY: Farmers Quitting Scheme But Premium Collection Rises -Subodh Varma Latest data shows that insurance companies have pocketed over Rs. 10,000 crore surplus in two years. The number of farmers enrolled in the Modi government’s flagship Crop Insurance scheme (Pradhan Mantri Fasal Bima Yojana or PMFBY) dipped further to 343 lakh in kharif (summer) crop season of 2018-19 year, according to latest information revealed at the annual Kharif Conference organised by the Agriculture Ministry in Delhi

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More Than a Year After Crop Failure, Maharashtra Farmers Still Wait for Insurance Payout -Poorvi Kulkarni

om the (insurance) company,” said Maharashtra chief minister Devendra Fadnavis while addressing an rally ahead of the 2019 Lok Sabha elections. He was referring to the Prime Minister’s Crop Insurance Scheme (Pradhan Mantri Fasal Bima Yojana), or Pradhan Mantri Pik Vima Yojana (PMPVY) as it is called in Maharashtra. The rally was held in Pathri taluka of Parbhani district in central Maharashtra’s Marathwada region on April 12, 2019

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The Danger Of Silver Bullets -Ajay Vir Jakhar

ans want us to believe. After elections, winners get either selective amnesia (Rs 15 lakh in each bank account), re-interpret promises (MSP at C2+50 per cent), continue to tout failures as successes (Crop Insurance) or devise policy fine print to exclude proposed beneficiaries from the promised largesse (farm loan waiver). Actions not even referred to in manifestos wrecked a stable economy (demonetisation and GST) and, consequently, unemployment perce

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Farmers in Maharashtra village finally get their crop-cover dues -Rajalakshmi Nirmal

llowing a BusinessLine article dated February 18 (‘When cover for farmers came a cropper’), settlement has been done to 146 farmers of Jalna district in Aurangabad (Maharashtra) under the Crop Insurance scheme (for Kharif 2017) by the insurer, IFFCO Tokio. Here’s a quick recap of what had happened: Jalna was badly hit by a drought during the 2017 kharif season with most farmers in the district losing their crops. Having paid th

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A bitter harvest: farmers reap what politicians sow -Jayaraj Sivan

Cauvery Farmers’ Protection Association general secretary S Dhanapalan. “The minimum support price fixed by the government for paddy is ?10 per kg less than our cost of production. The Crop Insurance scheme serves only to secure farm loans extended by banks. It does not protect farmers’ hard work in the fields. Similarly, fertilizer subsidy helps only fertilizer manufacturers, not farmers,” said Dhanapalan. Please click

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Everybody loves a farmer -Vijoo Krishnan

ad Yojana, promising to pay every farmer a sum of Rs.5,000 an acre (0.4 ha) a year. The Trinamool Congress government in West Bengal led by Mamata Banerjee announced Rs.5,000 an acre every year and a Crop Insurance scheme for which the premium would be paid by the State government. A compensation of Rs.2 lakh was also promised in the event of the death of any farmer aged between 18 and 60, to his/her family. In Odisha, the government headed by the Bij

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Bereft of cover

ng questions on documentation (such as land record of farmers) at the claim settlement stage instead of flagging such issues earlier with the banks concerned. Loanee farmers are default buyers of the Crop Insurance policy, while non-loanee farmers too can register for the same. Please click here to read more.

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PM Fasal Bima Yojana is suffering from low coverage since the last 2 years

ture and Farmers' Welfare dated 7th August, 2018 to an unstarred question (question no. 3398) in the Lok Sabha is consulted, it is learned that the proportion of gross sown area covered under various Crop Insurance schemes was 29.0 percent in 2016-17, which fell to 25.0 percent in 2017-18. In absolute terms, the area insured under the PMFBY declined from nearly 5.63 crore hectare in 2016-17 to roughly 4.90 crore hectare in 2017-18. In some states the

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Not satisfied by Maharashtra CM's assurances, farmers to go ahead with march

was chaired by Fadnavis with ministers Girish Mahajan, Sadabhau Khot and senior government officials in attendance. Issues related to forest rights claims, water, loan waiver, drought assistance and Crop Insurance, among others, were discussed. “More than 43,000 forest rights claims were cleared in just three months. More than 10,000 forest rights claims were cleared in Palghar and 11,372 in Thane,” said Fadnavis, adding that direction

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G Srinivasan, Director of National Insurance Academy (NIA), Pune, interviewed by Radheshyam Jadhav (The Hindu Business Line)

a major challenge before Indian agriculture. With the impact of climate change looming large on agricultural productivity, the insurance sector has a big role to play. However, the implementation of Crop Insurance scheme is mired in squabbles while the insurance sector has not penetrated deep into the Indian market. G. Srinivasan, Director, National Insurance Academy (NIA), Pune, shared his views on these issues. Excerpts: * Climate variability an

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