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

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 companies yet – add up to a whopping

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pmfby: Farmers Quitting Scheme But Premium Collection Rises -Subodh Varma

ompanies 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. When the scheme was started in 2016,

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

-The Hindu Business Line Many ryots covered by pmfby in Jalna district faced hardship due to a bureaucratic bungle Following 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

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Bereft of cover

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 State revenue and agriculture depar

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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)

ent of farmers are covered now and the intention of the Government is to increase it to 50 per cent by 2020. * What changes do you think must be introduced in the Pradhan Mantri Fasal Bima Yojana (pmfby) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) to make them more farmer-friendly? The revised operational guidelines have made the scheme more farmer-friendly. The key is use of technology in a big way to eliminate the difficu

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When cover for farmers came a cropper -Rajalakshmi Nirmal

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 of the insurance company. Caug

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

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 More »

Plough's share

rable 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 the farmers. In the 2016-17 crop ye

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

s across India. After an initial spurt in enrolment during the kharif crop season beginning June 2016, enrolment under the flagship crop insurance scheme—named Pradhan Mantri Fasal Bima Yojana (pmfby)—has seen a steep decline, driven by payouts which are either delayed by months or not settled altogether. In April 2016, Prime Minister Narendra Modi launched pmfby as a key scheme to help farme

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