crop insurance

crop insurance News

Gujarat wants Centre to make Pradhan Mantri Fasal Bima scheme voluntary

Under the proposal, the government is planning to replace the scheme with a separate mechanism under which it will have a special corpus to compensate farmers in the event of crop failure.

Crop Insurance: Time to reboot PM’s flagship scheme; let it be weather-based

The PMFBY’s operational guidelines require state governments to carry out at least four CCEs in every village panchayat for every notified crop and submit the yield data to insurance companies within a month from the date of harvest.


Man kills labourer, burns body to fake his own death for insurance claims; nabbed

Elaborating, police said a case of accidental death was registered at Nahan police station on November 20, stating a car had collided with a parapet at Judda Ka Johar and it got completely burnt before police could arrive.

How farmers can use smartphones to make crop loss assessment

The International Food Policy Research Institute (IFPRI) has developed WheatCam, a picture-based insurance (PBI) app that farmers can download on to their smartphones.

Govt making all-out efforts to boost farmers' income, says Ram Vilas Paswan

Farmers are the backbone of the country. Manufacturers can decide price for their products, but farmers cannot. Farmers are not able to recover cost of production. Therefore, our government is making full effort to improve the lives of farmers."

Fair claims

Centre’s crop insurance scheme works, weeding out flaws will help timely payouts


Crop Insurance: A flagship scheme that may flatter to deceive

For farmers, a uniform 2 per cent premium rate on sum insured (SI) for all kharif or monsoon season foodgrains and oilseeds, while 1.5 per cent for rabi winter crops and 5 per cent for annual commercial and horticultural crops, is the lowest they can hope for.

Everyone needs a safety net, no one likes crop insurance

The claims are calculated on the basis of formulae that even banks and insurance companies would admit to be flawed.

Govt aims to bring 50% farmers under PMFBY in next few years

As of now, there are only 11 non-life insurance companies, including the state-owned specialised agriculture insurer Agriculture Insurance Company, which have been empanelled by the government for the implementation of the PMFBY.

PM Narendra Modi promises e-agri market from April 14

The PM said all state governments should take a vow to increase farmers’ income two-fold by 2022, the 75th anniversary of India’s independence.