A fifth of Indian farmers covered under crop insurance scheme

The government aims to hike insurance coverage of cropped area to 50 percent in next two to three years

GN Bureau | May 9, 2016


#farmers   #suicide   #crop insurance   #cropped area  

 The implementation of the crop insurance scheme in the country is crucial as there has been a steady rise in the suicide of farmers. Currently, 20 percent of the farmers and 23 percent of total cropped area in country has been insured. 

This information was given by the minister of state for agriculture Mohanbhai Kalyanjibhai Kundariya in Rajya Sabha on Friday.
 
Through Pradhan Mantri Fasal Bima Yojana (PMFBY), the ministry of agriculture and farmers welfare is aiming to increase the insurance coverage of cropped area to 50 percent in next two to three years.
 
Under the scheme, there will be a uniform premium of only 2 percent to be paid by the farmers for all kharif crops, 1.5 percent for all Rabi crops and 5 percent for commercial and horticulture crops. The balance premium will be paid by the government to provide full ensured amount to the farmers against crop loss on account of natural calamities.
 
There is no upper limit on government subsidy. Even if the balance premium is 90 percent, it will be borne by the government.
 
Earlier there was a provision of capping the premium rate which resulted in low claims being paid to farmers. Capping was done to limit government outgo on the premium subsidy. Now the capping has been removed so farmers can claim against full sum ensured without any reduction.
 
In addition, a Unified Package Insurance Scheme (UPIS) has also been approved for implementation on pilot basis in 45 districts of the country from Kharif 2016 season to cover the other assets/activities like machinery,  life, accident, house and student-safety for farmers alongwith their notified crops (under PMFBY/ Weather Based Crop Insurance Scheme - WBCIS).
 
The Narendra Modi government launched Pradhan Mantri Fasal Bima Yojana (PMFBY) in January this year to replace National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS) from Kharif 2016.  Premium rates under Weather Based Crop Insurance Scheme (WBCIS) have also been reduced and brought at par with new scheme.
 

Comments

 

Other News

Mumbai civil body refutes allegations of scam in tenement scheme

The BrihanMumbai municipal corporation (BMC) has rejected the Congress accusations of financial irregularities worth Rs 8,000 crore—9,000 croe in awarding contracts for getting project-affected people (PAP) tenements on private land.    BMC has said that it implements vital p

Sedition law: Can it have a place in democracy?

Does the concept of sedition have a place in modern democracies? This question became more relevant when the apex court recently put the country`s colonial-era sedition law on abeyance stating that there is a “requirement to balance… security interests and integrity of the State… and th

Not just another Manto anthology

The Collected Stories of Saadat Hasan Manto: Volume 1: Bombay and Poona Translated by Nasreen Rehman Aleph Book Company, 548 pages, Rs 999 There are writers, there are writers’ writers, and then there are readers’ writers. Saadat Hasan Mant

These tribal women may be illiterate but are successful entrepreneurs

Meet Promila Krishna, 39, Lalita Nayak, 40, Parbati Gadba, 42, Sanadei Dhuruwa, 39, and Nabita Barika, 41, of Kundra block in Odisha’s Koraput district. Except for Promila who is a matriculate, others haven’t attended school beyond the elementary level. However, while introducing themselves to

Women in workforce: Despite policy support, why it is declining

Michelle Obama once said, “No country can ever truly flourish if it stifles the potential of its women and deprives itself of the contributions of half of its citizens.” That should be so obvious, but it is not, and countries keep depriving themselves of the contributions of half of their popul

Chintan Shivir 2022: Will Congress regain its lost mojo?

The Congress is scheduled to hold a Chintan Shivir (meaning, ‘introspection camp’) from May 13th to 15th in Udaipur and it has identified six specific areas for introspection. These are 1. Political 2. Social Justice and Empowerment 3. Economy 4. Organization 5. Farmers and Agriculture and 6. Y

Visionary Talk: Arvind Sawant, Member of Parliament with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter