News Muncher - category pmfby

1 week, 2 days ago

Bank's Role As Intermediary Does Not Create Privity Of Contract With Insured: NCDRC Holds Insurance Company Liable

Live Law

The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and AVM J. Rajendra, in a petition by Sarva Haryana Gramin Bank held that a bank's role as an intermediary does not create a privity of contract with the insurer. Brief Facts of the Case Under the Prime Minister Fasal Bima Yojna, Sarva Haryana Gramin Bank was responsible for …

Insurance National Bank Company Crop Premium Commission

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 …

Insurance Farmers Crop Crop Insurance State Centre Scheme

7 months ago

KCR’s protest calls find no takers in BRS

Deccan Chronicle

Hyderabad: BRS president and former chief minister K. Chandrashekar Rao is being accused of hypocrisy for ignoring farmer issues for a decade and now using the same issues and demanding immediate resolution by the Revanth Reddy government. They cultivate around 20 per cent of agricultural land but the Rao regime denied tenant farmers Rythu Bandhu, Rythu Bima, crop loan waiver, …

Farmers Congress Power Protest Crop Paddy Crop Loan Waiver

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 …

Insurance Farmers States Haryana Crop Premium State

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 …

Insurance Crop Insurance Msp Insurance Companies Pradhan Mantri Pmfby Rawal

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 …

Farmers Million Centre Number Scheme Two Years Pmfby

1 year, 7 months ago

BRS fails to implement PMFBY: Kishan

Deccan Chronicle

Hyderabad: Squarely blaming Chief Minister K. Chandrashekar for not implementing the Pradhan Mantri Fasal Bima Yojana, Union minister for tourism and culture, G. Kishan Reddy said, “BJP-led NDA government at Centre provides â‚¹18,240 per acre on fertiliser subsidy, which is double than the Rythu Bandhu being offered by the state government in Telangana state. When the BJP government provided tractors …

Farmers State Kishan Bjp Minister Centre Brs

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 …

Insurance States Claims Crop Premium Centre Scheme

1 year, 8 months ago

Why Gujarat opted out of PMFBY, ask BRS leaders

Deccan Chronicle

Hyderabad: BRS leaders lashed out at BJP state president Bandi Sanjay for his criticism of the state government not implementing the PM Fasal Bima Yojana and for opposing Chief Minister K. Chandrashekar Rao's announcement of extending Rs 10,000 per acre crop loss aid to the farmers who lost crops by unseasonal rains. Finance minister T. Harish Rao and Rythu Bandhu …

Farmers State Bjp Centre Sanjay Harish Rao Pmfby

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 …

Insurance Farmers Crop State Centre Its Share Crop Loss

1 year, 9 months ago

Compensation to farmers after crop loss enumeration: Palla

Deccan Chronicle

HYDERABAD: The enumeration of crop loss due to heavy rains was underway in the districts and once the district collectors submit final reports, the state government will take a decision on extending compensation to the farmers, asserted Rythu Bandhu Samithi chairman and MLC Palla Rajeshwar Reddy. Speaking to the media at the BRS Legislature Party office on Monday, he claimed …

Loss Farmers Telangana Crop State Bjp Centre

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 …

Insurance Farmers Companies Crop Crore Paid Insurance Companies

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 …

Insurance Budget Farmers Pawar State Crore Centre

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 …

Agriculture Budget Farmers Income Centre Scheme Schemes

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. …

Insurance Farmers Claims Crop Crore Reported Pmfby

4 years ago

Madhya Pradesh farmers join the growing resistance against the new farm laws

The Hindu

MADHYA PRADESH is catching up with the nationwide farmers resistance against the Narendra Modi government’s three farm laws. The farmers’ resentment was palpable on the day of Bharat bandh, so much so that the Inspector General, D. Sriniwas Rao, said more than 20 companies of the Special Armed Forces had been stationed in the 10 zones of the State in …

India Delhi Premium State Modi Scheme Bharat

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 …

Compensation Farmers Gujarat Crop Premium State This Year

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Articles for Pmfby

Bank's Role As Intermediary Does Not Create Privity Of Contract With Insured: NCDRC Holds Insurance Company Liable

Telangana: State’s Crop Insurance Deadline Approaches Fast

KCR’s protest calls find no takers in BRS

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

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

Increase in farm insurance enrolments for two years in row

BRS fails to implement PMFBY: Kishan

Amid climate risks, govt may rejig flagship farm insurance scheme

Why Gujarat opted out of PMFBY, ask BRS leaders

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

Compensation to farmers after crop loss enumeration: Palla

Farmers get a raw deal after suffering crop loss

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

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

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

Madhya Pradesh farmers join the growing resistance against the new farm laws

Gujarat launches new scheme in lieu of PM Fasal Bhima Yojana