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Centre's Crop Insurance Scheme Fails the Drought Test, 40% Claims Unpaid -Kabir Agarwal and Dheeraj Mishra

ile the claims paid totalled Rs 7,696 crore. New Delhi: Insurance companies have missed the deadline to recognise and pay claims worth over Rs 5,000 crore made by farmers under the Centre’s Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme, according to data obtained by The Wire through right to information (RTI) requests. The pending insurance claims – which state governments have certified, but have not been approved by the companie

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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 on April 25-26. W

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

any,” 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 – six days befor

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

ill pay for the loss. However, many farmers in the district did not receive the insurance amount. When the author was in Jalna in February to report on the ground realities in the execution of the Pradhan Mantri Fasal Bima Yojana, the farmers shared their grief. Interestingly, all the 146 fruit farmers in Jalna district, who didn’t get their insurance settlement, had paid their premium through the SBI branch in Badnapur. Others who had pai

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Bereft of cover

sues in Fasal Bima Yojana need to be addressed A BusinessLine series from perennially drought-prone Jalna and Parbhani districts in Maharashtra has brought to the fore implementation lapses in the Pradhan Mantri Fasal Bima Yojana (PMFBY). Farmers have not been compensated for crop damage, owing to multiple factors. Chief among these is irregularities in crop cutting experiments. The CCEs are meant to be carried in the presence of officials of the S

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

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

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

easonal rains, cyclone, floods, hailstorms and climate extremes have brought huge losses to the farmers. Crop insurance is clearly a reasonable solution to the losses arising out of these events. The Pradhan Mantri Fasal Bima Yojana provides monetary compensation to losses arising out of climate risks and also due to pests and diseases. * What steps are needed to ensure comprehensive coverage of crop insurance schemes? The aim is to provide cove

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When cover for farmers came a cropper -Rajalakshmi Nirmal

ivision of Maharashra, who planted pomegranate, mango and sweet lime in the 2017 kharif season and lost their crop because of a drought are in a state of despair. Despite coughing up premiums for the Pradhan Mantri Fasal Bima Yojana (PMFBY), they have not received a penny from the insurance company, which contends that the relevant papers have not reached it. However, the SBI branch through which the farmers tendered the premium refutes the contention

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The Modi Years: Do farmers have better protection against crop losses? -Mridula Chari Private insurance companies have benefitted more than farmers from the new crop insurance scheme.     Pradhan Mantri Fasal Bima Yojana was launched to expand crop insurance coverage in India     But coverage has shrunk, despite compulsory enrollment of farmers at the time of taking loans     Private companies retain a larger share of government funds than before     Farm

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The Pradhan Mantri Fasal Bima Yojana (PMFBY) -- Lesser than a Solution -Santosh Verma

ging the MNAIS and WBCIS. But, on the request of the state governments, NAIS continued till the Rabi season 2015-16. Onwards the Kharif season 2016, the BJP government replaced NAIS and NCIP with the Pradhan Mantri Fasal Bima Yojana (PMFBY) and a restructuring of WBCIS was also made. So, the newly launched scheme, PMFBY, is just a continuation of earlier existing schemes with a few minor restructuring. The PMFBY – what is is there? The PMF

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