
The balance premium is equally shared among the Centre and states, which implies they bear most of the premium under…
Punjab, which has not adopted the crop scheme launched in 2016, is in discussion with the agriculture ministry to launch…
Higher cap on premium on the cards, premium to be decided by competitive bidding
Earlier this month, the Andhra Pradesh government announced its decision to re-join the PMFBY, effective kharif 2022, after the Centre…
In February 2020, the government made PMFBY voluntary for farmers while previously it was mandatory for the farmers to take…
Rythu Bima was launched in 2018 with the objective of providing financial relief and social security to the dependents in…
Tomar aid the revamped PMFBY revised the subsidy sharing pattern for north-eastern states from 50:50 to 90:10 between central and…
Under the 80-110 Plan, in case the claims reach 60% of premium collected, the insurance company will have to refund…
Claims worth Rs 1,866 crore were yet to be paid to farmers, while defaulting states were to pay their shares…
The Centre’s expenditure on subsidising the premium paid by farmers for crop insurance will likely see a 125% jump to…
The Centre would incur an expenditure of more than Rs 8,800 crore annually at this rate of subsidy if 50…
In a move aimed at reducing the recurrence of agricultural distress without having to effect hefty hikes in the crops’…
Welcoming the new crop insurance scheme announced by the Centre, Gujarat Chief Minister Anandiben Patel today said it will end…
In a major farm sector sop, the Centre today announced a new Rs 17,600-crore crop insurance scheme to cover loss…
Faced with two consecutive drought years, the Centre today cleared a crop insurance scheme under which farmers’ premium has been…
The government will bring out a new crop insurance scheme next month in which farmers would have to pay a…
Crop insurance is virtually a non-starter in states like Punjab, Haryana and Odisha that contribute significantly to the central pool…
It is clear from global experience that crop insurance is not economically viable and, in a country like India which…