'Crop insurance scheme benefits companies more than farmers'

Jul 18 2018

According to Agriculture Ministry's data, all 17 insurance cos -- 5 public and 12 private -- empanelled under PMFBY registered a margin of Rs 15,029 crore as they paid out claims of a mere Rs 2,767 cr against Rs 17,796 cr collected as premium.

Govt engages UNDP to fast-track crop insurance scheme

Jul 10 2018

The Centre has put in place a new professional team to fast-track PMFBY and raise the coverage under the scheme to 50% of the gross cropped area in 2018-19, a govt official said.

22,000 rural agriculture markets to be linked by 2020: Minister

Jun 29 2018

Union Minister of State for Agriculture Gajendra Singh Shekhawat on Friday said 22,000 rural agriculture markets will be linked to make a national agricultural market by 2020.

Use tech for timely payment of crop insurance claims: Centre to states

Apr 01 2018

The Centre has asked the state governments to use latest technology to ensure timely settlement of this year's insurance claims under the PMFBY, a senior official said.

Haryana offers price guarantee to farmers growing vegetables

Mar 05 2018

The Haryana govt is offering guarantee to the farmers cultivating potato, onion, tomato and cauliflower that they will never incur any loss, said Solanki.

Lack of states' cooperation affecting crop insurance scheme: Min

Feb 21 2018

Gajendra Singh Shekhawat said implementation of NDA govt's ambitious crop insurance scheme the PMFBY is facing difficulties due to lack of cooperation from the states.

Agri Min receives Rs 16,094 cr in Q1 to run various schemes

Aug 03 2017

The amount is 53 per cent higher compared to Rs 10,498.90 crore received by the ministry in the same period last year, it said.

States can set up insurance firms to provide crop ins: Govt

Jul 21 2017

Agriculture Minister Radha Mohan Singh said even states have now been allowed to set up their own insurance companies.

Govt to use CSCs, post offices to sell crop insurance policy

May 25 2017

The govt has decided to use 1.75 lakh CSCs and post offices in a big way to encourage more non-loanee farmers to take up crop insurance schemes.

Jaitley announces major push in credit for farmers

Feb 01 2017

Arun Jaitley here announced Rs 10 lakh crore for agriculture credit for the current fiscal year.

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