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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

-Scroll.in 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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Plough's share

ubsidy for crop insurance is preferable to fertiliser, power or farm credit. But Centre should bear the full cost for the scheme. A well-conceived and pro-farmer crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — is faced with the prospect of going the fertiliser subsidy way. Just as in the latter’s case, the benefits from subsidy on crop premiums, too, seems to be going primarily to the industry rather than t

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RTI: Pvt firms make a killing from crop insurance scheme -Vishav Bharti

-The Tribune Pocket more than Rs 8,000 cr in two years; Rs 11 cr a day on average Chandigarh: Rs 11 crore in a day! That was the average of profit of the private insurance companies from Pradhan Mantri Fasal Bima Yojana in the past two financial years. There were 18 companies that got contracts under the crop insurance scheme. Out of them just five are in public and 13 in the private sector.   So far in the two years of the s

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Enrolment under PMFBY crop insurance scheme sees steep decline -Sayantan Bera

-Livemint.com Delayed assessment of loss and settlement of claims by insurance companies may have led to farmers losing faith in Pradhan Mantri Fasal Bima Yojana, say analysts New Delhi: Sharad Markad, a lanky teenager from a marginal farming family in Maharashtra, spent the first day of 2019 scrounging for funds. Faced with a drought, the third in the past five years, Markad had taken it upon himself to build a community cattle shed in Novemb

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Fundamental flaws in crop insurance scheme's design makes it ineffective -Devinder Sharma

-Livemint.com The government did not visualize there were problems in the way it was designed, the methodology itself was faulty Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship programme launched with much fanfare in 2016, has run into rough weather. With both the area covered and the number of enrolled farmers declining, the country’s premium crop insurance scheme is certainly in need of an overhaul. While Parliament’s c

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