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.
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.
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).
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.
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.
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.
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.
July 14, 2014 7:50 pm
He said it was high time that the state introduced crop insurance scheme.
February 07, 2014 12:15 am
October 29, 2010 1:07 pm
The scheme aims to protect farmers against losses caused by inclement weather and other eventualities.