Crop insurance

Crop Insurance: Centre open to ‘Beed formula’, writes to states

Under the 80-110 Plan, in case the claims reach 60% of premium collected, the insurance company will have to refund 20% to the state government and if the claims are 70%, the refund to state will be 10%. In case of claims abo

Of course, the state government has to bear the cost of any claims above 110% of the premium collected to insulate the insurer from losses, but such higher level of claims rarely occur, so the states reckon the formula in effect reduces their cost to run the scheme.

Unsettled Fasal Bima claims rise as states delay premium

Claims worth Rs 1,866 crore were yet to be paid to farmers, while defaulting states were to pay their shares of subsidy to the tune of Rs 1,680 crore as at the end of kharif 2019 season.

कोरोना संकट: RBI ने दी किसानों को राहत, फसल ऋण पर ब्याज सहायता योजना को 31 मई तक बढ़ाया

भारतीय रिजर्व बैंक (RBI) ने कोरोना वायरस की वजह से लागू राष्ट्रव्यापी बंद के मद्देजनर यह

Wider coverage to see crop bill ballooning

The Centre's expenditure on subsidising the premium paid by farmers for crop insurance will likely see a 125% jump to Rs 7,000 crore in the next financial year...

Crop insurance

New crop scheme to boost agri insurance biz, say insurers

The Centre would incur an expenditure of more than Rs 8,800 crore annually at this rate of subsidy if 50 per cent of the total crop area of 194 million hectare is insured.

Farmer

Government rolls out crop insurance scheme

In a move aimed at reducing the recurrence of agricultural distress without having to effect hefty hikes in the crops' minimum support prices that are at once inflation-inducing and fiscally burdensome...

Crop insurance

New crop insurance scheme will end farmers’ woes: Anandiben Patel

Welcoming the new crop insurance scheme announced by the Centre, Gujarat Chief Minister Anandiben Patel today said it will end farmers' woes.

Farmer

Cabinet clears Rs 17,600-crore new crop insurance scheme

In a major farm sector sop, the Centre today announced a new Rs 17,600-crore crop insurance scheme to cover loss of crops due to natural calamities like drought at a very low premium payout by farmers.

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Govt okays new crop insurance scheme for farmers at low premium

Faced with two consecutive drought years, the Centre today cleared a crop insurance scheme under which farmers' premium has been kept at a maximum of 2 per cent for foodgrains and oilseeds and up to 5 per cent for horticultur

drought fears

New crop insurance scheme to be announced in January

The government will bring out a new crop insurance scheme next month in which farmers would have to pay a lower premium and the settlement of claim would take lesser time, agriculture minister Radha Mohan Singh said on Wednes

Farm cover a cropper, new scheme on cards

Crop insurance is virtually a non-starter in states like Punjab, Haryana and Odisha that contribute significantly to the central pool stocks of rice and wheat.

Farmer

Editorial: Insuring the farm

Getting the crop insurance model right is critical

Drop the crop insurance plan

It is clear from global experience that crop insurance is not economically viable and, in a country like India which is dominated by small landholders, it does not even seem to be feasible

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