Crop insurance claims surge, delay in disbursals falls

The government’s crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) has witnessed a rise in claims ratio from farmers across the country in fiscal 2018-19. The higher claims ratio means farmers have claimed a larger amount of the crop insurance portfolio under the scheme as against portfolio in the previous year. Most of the… Continue reading Crop insurance claims surge, delay in disbursals falls

Crop insurance fail: only ₹8 cr. spent for NE

According to the Agriculture Ministry officials,Out of ₹1,400 crore earmarked annually for the north-eastern States under the Pradhan Mantri Fasal Bima Yojana,only ₹8 crore was actually spent last year. Further,Four north-eastern States namely Arunachal Pradesh, Nagaland ,Manipur and Mizoram are not covered under the scheme at all. The lack of coverage has left thousands of… Continue reading Crop insurance fail: only ₹8 cr. spent for NE