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Sunday, December 05, 2021

Crop Insurance Scheme


Explained: What is the Beed model of crop insurance Maharashtra is pushing for?

June 11, 2021 7:35 am

Launched in 2016, the flagship PMFBY insures farm losses against inclement weather events. Farmers pay 1.5-2% of the premium with the rest borne by the state and central governments.

PMFBY 2.0: A revamped crop insurance scheme

February 27, 2020 4:58 am

The recent tweaks to the Pradhan Mantri Fasal Bima Yojana, including making it 100% voluntary and capping premiums at 30%, are going to be a game-changer.

Government seeks views of states on crop insurance scheme

June 25, 2019 10:12 pm

Responding to a supplementary, Minister of State for Agriculture Purushottam Ropala said during Question Hour that on Monday, the ministry has written to all states seeking their views on whether the scheme should be made voluntary/optional.

Crop insurance claims surge, delay in disbursals falls

June 21, 2019 3:10 am

The claims ratio of the general insurance industry has gone up to 93 per cent for the year ended March 2019 as against 85 per cent in the previous year, according to General Insurance Corporation of India (GIC Re).

Centre's crop insurance scheme: Claims worth Rs 5.19 cr yet to be settled, but state figures say all paid

May 11, 2018 6:43 am

PMFBY, a major crop insurance scheme by the central government, is meant to ensure assured returns to farmers in case of crop failure. Under the scheme, the farmer pays 1.5 per cent of the premium, while the rest is shared by the state and central governments.

Look who’s cashing in on crop insurance plan-insurance firms

August 28, 2017 5:41 am

Insurers did not lose much money on claims made by farmers either, as 80-85 per cent of the premium is reinsured with reinsurance companies.

States can set up own firms to provide crop insurance: Radha Mohan Singh

July 21, 2017 7:16 pm

Replying to another question on action taken to improve farmers' plight and reduce the number of farmers' suicide, the Minister said the government has revamped the old farm schemes and launched some new initiatives to reduce the cost of production and increase income.

Crop insurance scheme crucial for farmers' welfare: PM Modi

January 31, 2016 1:45 pm

Modi said he needs the "maximum help" from people about spreading awareness regarding the Pradhan Mantri Crop Insurance Scheme which was launched earlier this month.

Amarinder seeks contingency plan for agriculture

July 14, 2014 7:50 pm

He said it was high time that the state introduced crop insurance scheme.