Page 3 - Pradhan Mantri Fasal Bima Yojana

Domestic, foreign insurers big gainers under PMFBY; pool mechanism on cards

In the last six seasons, close to Rs 5,000 crore has flown to the books of foreign reinsurers, as overall claim ratio has been just around 77%

Should govt's PMFBY crop insurance scheme be voluntary for farmers?

Some experts say voluntary Pradhan Mantri Fasal Bima Yojana may hit farmer enrolments, unless the scheme is made more attractive

Under Modi's crop insurance scheme, farmers owed a whopping Rs 28 billion

PMFBY guidelines require that the claims be settled within two months of harvest

Farmers' coverage stagnant but premiums up 350% under PM's flagship scheme

Gross premium collected increased by Rs 368.48 billion or 348%, but the coverage has remained pretty much stagnant

Try alternatives before imposing the penalty: Crop insurance firms to govt

The new operational guidelines tries to address several complaints, but the biggest among them is imposing a sort of penalty on insurance companies and state governments

PMFBY: Govt plans to impose financial penalties to push agri crop insurance

Almost 30% or a third of the agriculture ministry's budget, is spent on premium for the PMFBY every year

Over 9 mn farmers benefited from crop insurance scheme in 2016-17: PM Modi

He said soil testing should eventually be possible through hand-held devices

For Bundi's farmers, PM's Fasal Bima Yojana has come a cropper

For many farmers of Bundi district in Rajasthan, the southwest monsoon season in 2017 hasn't been particularly impressive so far, with the rains being above normal in just two of the past seven weeks.The main crops grown in the district are exposed to weather vagaries just like many other parts of the country.If there is any loss to the standing crop, the newly launched Pradhan Mantri Fasal Bima Yojana (PMFBY) will come to the rescue of the farmers of the region.But if studies conducted by the Centre for Science and Environment (CSE) are to be believed and if the trend of the kharif season is any indication, for thousands of farmers of Bundi, the scheme is a non-starter.The main reason for this is the low sum insured, compared to the scale of finance in Rajasthan.Though the sum insured under the PMFBY is higher than all previous crop insurance schemes, when compared to scale of finance in many states, it has been lower at least in the first season of its operation.In the case of ...

Bihar relents, agrees to implement Pradhan Mantri Fasal Bima Yojana

The scheme is being implemented on a trial basis with a view to assess whether it actually helps farmers or ends up benefitting the insurance companies

Bihar agrees to implement Pradhan Mantri Fasal Bima Yojana

State government has decided to implement the Pradhan Mantri Fasal Bima Yojana in the state keeping in mind the sentiments of cooperative federalism