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Crop Insurance Schemes

Irregularities found in crop insurance scheme: Maharashtra agri minister

Maharashtra Agriculture Minister Manikrao Kokate has admitted irregularities in the implementation of the Re 1 crop insurance scheme for farmers, noting places of worship were shown as agricultural lands to claim benefits. More than four lakh crop insurance applications, some filed even by those residing outside Maharashtra, have been rejected, Kokate on Tuesday said, adding a "bogus industry" has come to light which involves non-eligible people seeking benefits of the scheme. The minister, however, asserted that no money has been actually lost as funds were not transferred by the government into the bank accounts linked to bogus applications. Speaking to the media here, Kokate said instances of malpractice in the scheme have been identified in several aspects, including cases where mosques, temples and vacant lands were falsely declared as agricultural lands to claim benefits. "I have instructed district collectors to take immediate action," he said. The crop insurance scheme was

Irregularities found in crop insurance scheme: Maharashtra agri minister
Updated On : 22 Jan 2025 | 9:44 AM IST

Two govt insurance schemes for fisherfolk to be merged from June

Coverage of Rs 2 lakh was offered under PMSBY while a coverage of Rs 5 lakh was offered under GAIS

Two govt insurance schemes for fisherfolk to be merged from June
Updated On : 14 May 2024 | 9:41 PM IST

PMFBY: Tech revamp boosts govt's crop insurance scheme, yields results

The Cabinet also decided that when states engaged any insurance company for PMFBY, the insurer would have to stay enrolled for at least three years, against the earlier provision of one to three years

PMFBY: Tech revamp boosts govt's crop insurance scheme, yields results
Updated On : 27 Nov 2023 | 10:39 PM IST

Pradhan Mantri Fasal Bima Yojana enrolments highest in 6 years, shows data

A rise in the number of non-loanee farmers under PMFBY is an indicator of voluntary acceptance of the scheme

Pradhan Mantri Fasal Bima Yojana enrolments highest in 6 years, shows data
Updated On : 19 Sep 2023 | 11:50 PM IST

DigiClaim launched for National Crop Insurance Portal's claim disbursal

With the launch of the module, claims will be disbursed electronically, which will benefit the respective farmers of six states

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Updated On : 24 Mar 2023 | 7:29 AM IST

Centre extends deadline for farmers' enrolment for PM crop insurance scheme

The Central government agreed to Maharashtra government's demand of extending cut-off date for enrolment of farmers from July 15 to July 23 for Kharif season 2021

Centre extends deadline for farmers' enrolment for PM crop insurance scheme
Updated On : 16 Jul 2021 | 8:18 AM IST

Special drive launched to bring more farmers under PM crop cover scheme

In a major farmer outreach, the government on Thursday launched a special drive to enrol more cultivators under the Pradhan Mantri Fasal Bima Yojana (PMFBY)

Special drive launched to bring more farmers under PM crop cover scheme
Updated On : 02 Jul 2021 | 1:50 AM IST

Best of BS Opinion: Feasible fiscal path, inadequate cover, and more

Here's a selection of Business Standard opinion pieces for the day

Best of BS Opinion: Feasible fiscal path, inadequate cover, and more
Updated On : 21 Jan 2021 | 6:39 AM IST

Maharashtra CM bats for states' share in crop insurance scheme at 50%

Maharashtra Chief Minister Uddhav Thackeray on Thursday demanded that the states' share in the Pradhan Mantri Pik Vima Yojana (PM's crop insurance scheme) should remain at 50 percent

Maharashtra CM bats for states' share in crop insurance scheme at 50%
Updated On : 27 Aug 2020 | 11:53 PM IST

Why changes in crop insurance scheme could raise issues of sustainability

There are two principal changes. The first is the decision to make the scheme voluntary for non-loanee farmers and the second imposes a limit on the premium subsidy to 30 per cent for unirrigated area

Why changes in crop insurance scheme could raise issues of sustainability
Updated On : 05 Mar 2020 | 12:46 AM IST

Insurers brace for highest ever claim ratio in FY20 for govt's crop scheme

Insurers are expecting claim ratio to be as high as 120 per cent this year as unseasonal rains and natural calamities led to high amount of crop damage

Insurers brace for highest ever claim ratio in FY20 for govt's crop scheme
Updated On : 07 Jan 2020 | 10:27 PM IST

Making crop insurance work

PMFBY has failed to impress stakeholders

Making crop insurance work
Updated On : 02 Jan 2020 | 8:49 AM IST

Fixing crop insurance

There are many shortcomings in the design of the PMFBY

Fixing crop insurance
Updated On : 21 Nov 2019 | 9:00 AM IST

Crop insurance scheme: Penalty for delayed payment in the offing

Centre is also looking at technological upgradation for smooth data integration and faster claim settlement

Crop insurance scheme: Penalty for delayed payment in the offing
Updated On : 19 Sep 2018 | 5:03 AM IST

PM's crop insurance scheme: Centre to haul up insurance firms, states

To increase the share of coverage of non-loanee farmers, the Centre has fixed a target of 10 per cent incremental growth for companies

PM's crop insurance scheme: Centre to haul up insurance firms, states
Updated On : 19 Sep 2018 | 2:21 AM IST

Govt's flagship crop insurance plan lose sheen as coverage area reduces

Gross cropped area has reduced to 24% in 2017-18 from 30% in 2016-17 when the actual target for the current year was 40%

Govt's flagship crop insurance plan lose sheen as coverage area reduces
Updated On : 25 Mar 2018 | 3:23 PM IST

No unusual profit to private firms via crop insurance scheme: Govt

Insurance cos collected gross premium of Rs 15,891 cr while claims totalled Rs 5,962 cr: CSE report

No unusual profit to private firms via crop insurance scheme: Govt
Updated On : 24 Jul 2017 | 1:33 AM IST

CAG spots huge gaps in PM's Fasal Bima Yojana, other crop insurance schemes

Says over Rs 32,000-crore released to insurers from 2011-16 without verification of beneficiaries

CAG spots huge gaps in PM's Fasal Bima Yojana, other crop insurance schemes
Updated On : 21 Jul 2017 | 9:54 PM IST