Farmers get a raw deal after suffering crop loss
2 years, 3 months ago

Farmers get a raw deal after suffering crop loss

Deccan Chronicle  

Khammam: Many farm experts are critical of the loopholes in implementing the Prime Minister Fasal Bima Yojana while extending crop insurance to make good crop losses. They contend that PMFBY is more beneficial to the insurance companies compared to farmers as most insurance companies are not settling claims under one pretext or the other. Mandadapu Sudhakar, chairman of PACS and recipient of the Jalamitra award, said, “Insurance companies have earned `40,000 crore from PMFBY since its inception. The premium being paid by the farmers and central government is more than the amounts paid to the farmers towards crop loss. Dora, a farmer, said “It is better if the premium amounts are paid to farmers.” Telangana government has paid `989 crore as premium for one season in 2021 while the insurance companies paid `817 crore towards crop loss.

Insurance Farmers Companies Crop Crore Paid Insurance Companies Crop Loss Pmfby  crore  claims  crop  suffering  pmfby  insurance  paid  farmers  companies  scheme  loss  premium  deal  raw

History of this topic

Farmers urged to use Krishi Rakshak app to report crop loss
1 day, 1 hour ago

Farmers urged to use Krishi Rakshak app to report crop loss

New Indian Express  

The unseasonal rainfall in the last couple of days in all coastal and some interior districts have caused considerable damage to harvested crops. The low pressure induced rains lashed Angul, Balasore, Bhadrak, Boudh, Cuttack, Dhenkanal, Deogarh, Gajapati, Ganjam, Jagatsinghpur, Jajpur, Kandhamal, Kendrapada, Keonjhar, Khurda, Koraput, Mayurbhanj, Nabarangpur, Nayagarh, Puri and Raygada districts, Patil said about 15 lakh farmers from these …

Premium payment deadline looms, 92 per cent of samba paddy cultivation in Thanjavur yet to be insured
1 month, 2 weeks ago

Premium payment deadline looms, 92 per cent of samba paddy cultivation in Thanjavur yet to be insured

New Indian Express  

THANJAVUR: The cut-off date for farmers to pay premium is hardly 10 days away but only about 8% of the acreage under which samba and thalady paddy cultivation has been undertaken in the district has been insured so far, official data revealed. While last year’s coverage under the Pradhan Mantri Fasal Bima Yojana stood at more than 90%, a section …

Telangana: State’s Crop Insurance Deadline Approaches Fast
4 months ago

Telangana: State’s Crop Insurance Deadline Approaches Fast

Deccan Chronicle  

Hyderabad: The state government has about nine days left to keep its promise of relaunching the crop insurance scheme that was halted by the previous BRS regime. For crops like paddy and chilli, the cut-off date for paying the premium for insurance under the centrally- Failure to join the scheme will deny the state funds made available by the Centre …

Pay crop insurance premium: Jagan to NDA govt
4 months, 1 week ago

Pay crop insurance premium: Jagan to NDA govt

New Indian Express  

VIJAYAWADA: Emphasising that farmers’ welfare is crucial for the State’s welfare, YSRC president and former Chief Minister YS Jagan Mohan Reddy has demanded that the State government release the promised funds for investment support, including the Rythu Bharosa amounts and crop insurance premiums, to ensure timely payouts for the 2023-24 season. Taking to the social media platform X, Jagan said, …

Andhra Ministers to come up with best crop insurance scheme for farmers
5 months ago

Andhra Ministers to come up with best crop insurance scheme for farmers

New Indian Express  

VIJAYAWADA: A Group of Ministers on Monday reviewed the crop insurance scheme and directed officials to ensure effective implementation to ensure that farmers get the intended benefit. Agriculture Minister K Atchannaidu, along with Civil Supplies Minister Nadendla Manohar and Finance Minister Payyavula Keshav, directed the officials to implement the best insurance scheme for farmers as advised by the Central government. …

Economic Survey 2023-24: Crop insurance to see growth from 2024 onwards, government tech push to boost sector
5 months ago

Economic Survey 2023-24: Crop insurance to see growth from 2024 onwards, government tech push to boost sector

The Hindu  

The agriculture insurance sector is likely to register growth from 2024 onwards, with an average real premium growth of 2.5% over the medium term, according to the Economic Survey 2023-24. "Agriculture premiums will likely rise from 2024 onwards, with an average real premium growth of 2.5% cent over the medium term, supported by improvements in insurance infrastructure such as mobile …

Unending woes of Telangana’s farmers
6 months, 3 weeks ago

Unending woes of Telangana’s farmers

The Hindu  

Exactly a month ago, Telangana farmer Itharaveni Rajesham succumbed to heat stroke while perched atop a small heap of 38 quintals of paddy, waiting for his turn to sell it at a government-run procurement centre in Ragampeta village, 28 km from the Karimnagar district headquarters. “He was visibly exhausted, shuttling between his house and the procurement centre to sell his …

Hisar District Commission Holds SBI General Insurance Co. Ltd. Liable For Dishonouring Fasal Beema Yojna, Delaying Inspection Of Crop Loss
10 months ago

Hisar District Commission Holds SBI General Insurance Co. Ltd. Liable For Dishonouring Fasal Beema Yojna, Delaying Inspection Of Crop Loss

Live Law  

The District Consumer Disputes Redressal Commission, Hisar bench comprising Jagdeep Singh, Rajni Goyat and Dr Amita Agarwal held SBI General Insurance Company Ltd. liable for deficiency in services for failure to fulfil its duties under the operational guidelines of Fasal Beema Yojna. Despite the Complainant's timely intimation of loss, it held that the insurance company did not inspect the Complainant's …

Farmers seek disbursement of crop loss compensation
10 months, 2 weeks ago

Farmers seek disbursement of crop loss compensation

Hindustan Times  

Farmers on Thursday laid siege to the mini secretariat in Hisar demanding the release of disbursement of crop loss compensation for kharif 2022 in 55 villages of the district. The farmers said that the insurance companies had stopped crop compensation of 72 villages for kharif season 2022, of which the company had now disbursed compensation for 17 villages. The company …

Farming as part of India’s culture and civilisation
10 months, 3 weeks ago

Farming as part of India’s culture and civilisation

Hindustan Times  

Agriculture has been an integral part of Indian political-religious thought. In the diverse landscape of Indian agriculture, state governments play a pivotal role in initiating development measures and ensuring the well-being of farmers. A significant increase in budget allocations for the ministry of agriculture and farmers welfare reflects the nation's commitment to uplifting the agricultural sector. These initiatives include the …

Guest Column | It’s time Punjab embraces PM Fasal Bima Yojana
11 months, 2 weeks ago

Guest Column | It’s time Punjab embraces PM Fasal Bima Yojana

Hindustan Times  

Punjab, renowned as a leading agricultural state in India, needs an essential transformation in the midst of agrarian and climatic crises. The recent floods and the resultant losses for the farmers, with their wheat and paddy crops, are compelling a revaluation of Punjab’s stance on crop insurance. Several noteworthy modifications have been implemented in the scheme, such as extending the …

Pradhan Mantri Fasal Bima Yojana suffers from lack of regulation, alleges JNU professor
1 year, 1 month ago

Pradhan Mantri Fasal Bima Yojana suffers from lack of regulation, alleges JNU professor

The Hindu  

The Pradhan Mantri Fasal Bima Yojana, brought out in 2016, has opened crop insurance to the private sector at the national-level. The PMFBY suffers from a serious problem of lack of regulation, with there being no independent mechanism to verify the validity of data provided by insurance companies, according to Vikas Rawal, a professor of Jawaharlal Nehru University. Referring to …

Increase in farm insurance enrolments for two years in row
1 year, 2 months ago

Increase in farm insurance enrolments for two years in row

Hindustan Times  

The number of farmers opting for the central government’s flagship farm insurance scheme has recorded a jump for two years in a row, along with an improvement in other indicators, a review by the agriculture ministry showed, pointing to a rebound in a welfare programme that has long been hobbled by large inefficiencies. A latest review of the Pradhan Mantri …

'Some Ramnad farmers yet to receive crop insurance'
1 year, 2 months ago

'Some Ramnad farmers yet to receive crop insurance'

New Indian Express  

RAMANATHAPURAM: Farmers of Ramanathapuram on Tuesday alleged that several farmers in the district have not received the crop insurance benefits, though the officials state that the insurance coverage for crop damage in 2022, has been completely distributed. On the flip side, during the grama sabha meetings held in villages, including Ponnakkaneri and Theriruveli, farmers said they were not provided with …

Fasal Bima Yojana benefitting insurance firms only: Hooda
1 year, 4 months ago

Fasal Bima Yojana benefitting insurance firms only: Hooda

Hindustan Times  

Former chief minister and leader of Opposition Bhupinder Singh Hooda said Pradhan Mantri Fasal Bima Yojana is a means to benefit insurance companies instead of farmers. Former chief minister and leader of Opposition Bhupinder Singh Hooda “The scheme is making farmers poor and companies richer,” said Hooda in a statement, reacting to a notice the Punjab and Haryana high court …

Andhra CM transfers Rs 1,117 crore crop insurance for farmers on YSR's birth anniversary
1 year, 5 months ago

Andhra CM transfers Rs 1,117 crore crop insurance for farmers on YSR's birth anniversary

India Today  

Commemorating former chief minister of combined Andhra Pradesh Y Rajasekhar Reddy's birth anniversary as 'Rythu Dinothsavam', Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Saturday disbursed Rs 1,117 crore to more than 10 lakh farmers in the state as crop insurance compensation for 2022 Kharif season. I remember free power, Jalayagnam, Aarogyasri schemes which benefit farmers and poor …

BJP demands crop insurance scheme for farmers
1 year, 7 months ago

BJP demands crop insurance scheme for farmers

Deccan Chronicle  

HYDERABAD: Telangana BJP on Wednesday demanded that the state government immediately introduce a comprehensive crop insurance scheme to save farmers from repeated disasters of crop losses due to adverse weather events. Bharatiya Janata Party state president Bandi Sanjay Kumar said in the past three years farmers lost crops in around 37 lakh acres in the state, and with an average …

Amid climate risks, govt may rejig flagship farm insurance scheme
1 year, 8 months ago

Amid climate risks, govt may rejig flagship farm insurance scheme

Hindustan Times  

The Union government is likely to remodel the Pradhan Mantri Fasal Bima Yojana, the flagship state-run crop insurance scheme, to make it more efficient by providing more coverage for less expenditure, and easing its fiscal burden on states, an official said. The PMFBY is a subsidized crop insurance scheme, where farmers pay between 1.5% and 2% of the premiums depending …

TS farmers face double whammy: Heavy rainfall and no crop insurance
1 year, 9 months ago

TS farmers face double whammy: Heavy rainfall and no crop insurance

Deccan Chronicle  

HYDERABAD: Crops on five lakh acres were damaged in 25 districts due to unseasonal rains that lashed the state in the last three days, but farmers have no recourse because the state government has stopped implementing the Prime Minister Fasal Bima Yojana scheme in the last three years, beginning with kharif 2020. The state government, after scrapping the PMFBY, promised …

Pradhan Mantri Fasal Bima Yojana: Punjab to rollout crop insurance scheme this kharif sowing season
1 year, 9 months ago

Pradhan Mantri Fasal Bima Yojana: Punjab to rollout crop insurance scheme this kharif sowing season

Hindustan Times  

Chandigarh Kharif crops, such as paddy, are sown during the onset of the monsoon season around the month of June and harvested at the end of this season during the months of September and October. The Punjab government has decided to set an early deadline for the implementation Pradhan Mantri Fasal Bima Yojana for the upcoming kharif sowing season. Earlier, …

Crop loss is human problem, can't use corporate conditions for farmers, observes SC
2 years, 3 months ago

Crop loss is human problem, can't use corporate conditions for farmers, observes SC

India Today  

The Supreme Court on Monday upheld a Bombay High Court order which directed an insurance company to pay the farmers who lost their crop due to floods resulting from cloudbursts. The bench directed insurance giant Bajaj Allianz to pay the insured amount to the farmers without insisting on the condition that intimation of damage must be given within 72 hours. …

Jagan urges Centre to bear equal share for free crop insurance scheme
2 years, 5 months ago

Jagan urges Centre to bear equal share for free crop insurance scheme

Deccan Chronicle  

VIJAYAWADA: Chief Minister Jagan Reddy held discussions with Union Agriculture Minister Narendra Singh Tomar on Tuesday on implementation of the Pradhan Mantri Fasal Bima Yojana in the state. The chief minister discussed the modalities of integrating the ‘Pradhan Mantri Fasal Bima Yojana’ with the YSR Free Crop Insurance Scheme. Jagan said a free crop insurance scheme will go a long …

Farmers who repay loans to get ₹50,000 as incentive
2 years, 9 months ago

Farmers who repay loans to get ₹50,000 as incentive

Hindustan Times  

Mumbai In a budget speech that laid emphasis on agriculture, deputy chief minister Ajit Pawar announced several sops and measures for farmers, including an incentive of ₹50,000 for two million farmers, who repay their crop loans regularly. Pawar indicated that the state government wanted the Centre to modify the terms of its crop insurance scheme-Pradhan Mantri Fasal Bima Yojana and …

What the Budget can do to support farming, in five charts
2 years, 11 months ago

What the Budget can do to support farming, in five charts

Live Mint  

In 2016, the BJP-led government set itself the target to double farmers’ incomes by 2022. Three such schemes accounted for 82% of central budgetary allocations to the ministry of agriculture and farmers' welfare in 2021-22, against 18% in 2018-19: cash transfer scheme PM-KISAN, PMFBY, a crop and yield insurance scheme, and interest subsidies on short-term credit to farmers. Income Boost …

Crop Insurance Claims at Rs 9,570 Cr for 2020-21 Lower by Over 60% from Previous Year
3 years, 1 month ago

Crop Insurance Claims at Rs 9,570 Cr for 2020-21 Lower by Over 60% from Previous Year

News 18  

There has been more than 60 per cent decline in the crop insurance claims of farmers at Rs 9,570 crore under the Pradhan Mantri Fasal Bima Yojana for the 2020-21 crop year from the previous year as there were no major crop losses, according to official data. Crop insurance claims stood at Rs 27,398 crore in the 2019-20 crop year. …

Former Maharashtra Minister Alleges Corruption in Settling Crop Insurance Claims
3 years, 6 months ago

Former Maharashtra Minister Alleges Corruption in Settling Crop Insurance Claims

News 18  

Former Maharashtra agriculture minister Anil Bonde on Tuesday alleged corruption in settling crop insurance claims of farmers under the watch of the Maha Vikas Aghadi government and demanded cancellation of the state’s agreement with crop insurance companies. “When Devendra Fadnavis was chief minister, 85 lakh of the 128 lakh farmers who had purchased crop insurance from companies received Rs 5,795 …

Having Lost Crops Worth Rs 1 Lakh, Madhya Pradesh Farmer Receives Re 1 in Insurance Claims
4 years, 3 months ago

Having Lost Crops Worth Rs 1 Lakh, Madhya Pradesh Farmer Receives Re 1 in Insurance Claims

News 18  

A large number of farmers in Madhya Pradesh have complained about receiving meagre sums as crop insurance claims, with only Re 1 having been credited to a Betul farmer’s bank account. The state government has doled out crop insurance compensation to 22 lakh farmers. The agriculture department refused to respond to queries on the matter, but a senior officer wishing …

Gujarat launches new scheme in lieu of PM Fasal Bhima Yojana
4 years, 4 months ago

Gujarat launches new scheme in lieu of PM Fasal Bhima Yojana

The Hindu  

The Gujarat government on August 10 launched a new scheme under which farmers facing crop losses due to drought, excess or unseasonal rain will get compensation without collection of any premium from them. The new scheme — Mukhya Mantri Kisan Sahay Yojana — will replace the Pradhan Mantri Fasal Bima Yojana for this year only, Gujarat Chief Minister Vijay Rupani …

Discover Related