Cabinet approves Revamping of Crop Insurance Schemes

News:Cabinet has approved Revamping of Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) to address the existing challenges in implementation of Crop Insurance Schemes. Facts: About Pradhan Mantri Fasal Bima Yojana (PMFBY): Launched in 2016 by the Ministry of Agriculture and Farmers Welfare. Aim: To provide comprehensive insurance cover… Continue reading Cabinet approves Revamping of Crop Insurance Schemes

Open to improving Pradhan Mantri Fasal Bima Yojana: Agriculture Minister

Union Agriculture Minister has told the Lok Sabha that the government is working on making Pradhan Mantri Fasal Bima Yojna(PMFBY) more effective. The Centre is planning to make changes such as (a)making crop insurance voluntary to all farmers (b)removal of high premium crops and (c)giving flexibility to states to provide customised add on products. The… Continue reading Open to improving Pradhan Mantri Fasal Bima Yojana: Agriculture Minister

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

Project to use technology to study crop yield estimates

Government has decided to use technology under Pradhan Mantri Fasal Bima Yojana(PMFBY) to determine yield estimates at the panchayat level.This will reduce the delay of crop insurance claim settlements and increase the accuracy of compensation due to farmers. The project will use technologies such as (a)satellite and remote sensing data (b)unmanned aerial vehicles and (c)artificial… Continue reading Project to use technology to study crop yield estimates