Page 2 - Pmfby

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

PMFBY: Modi govt's crop insurance scheme sees decline in farmers' enrolment

Between FY16 and FY17, the number of farmers enrolled in the scheme declined from about 57.3 million to about 48.5 million, a fall of around 15%

Modi govt's crop insurance marred by delayed claim settlement, low coverage

Centre bears higher share of premium for states which gives adequate budget for PMFBY, suggests panel

PM scheme: Insurers seek clarity in dispute resolution

Discrepancies also surfaced on due to technical glitches, with no proper guidelines to address them

PMFBY faces data collection hurdle after completing one year

With the Pradhan Mantri Fasal Bima Yojna (PMFBY) completing one full year of operation, poor availability of data has come up as challenge in implementing it as a viable scheme.This year some of the states where crop insurers are having a tough time in claim settlement include Gujarat, Karnataka, Rajasthan, West Bengal and Tamil Nadu, among others. At the crux of the problem lies dispute crop cutting experiment data, which forms a key element of the new scheme. Crop cutting experiment data at the harvest time helps assessing the yield loss, and requires substantial manpower. At present, state governments are vested with the responsibility of conducting the experiments. According to insurers in several states crop cutting experiments were not properly conducted. While in some cases the experiments were not conducted on the date intimated to the insurers, in other cases data presented by the state government did not match ground realities. For example, in Gujarat, despite bumper ...

30% of area sown under rabi crops gets PM insurance cover

More than 19 million hectares have come under the ambitious PMFBY during the current rabi season

Agri min demands Rs 11,000 cr more to implement PMFBY in FY17

Launched in January this year, it is being implemented in the ongoing Kharif season

Modi to meet bankers, insurers on crop insurance

Currently, only around 25% of the country's total crop area is covered by insurance.