Page 2 - Crop Insurance

Best of BS Opinion: Review PMFBY, banks and the contagion & more

Here's a selection of Business Standard Opinion pieces for the day

Review PMFBY

Recent changes may actually be counterproductive

Govt okays changes to crop insurance scheme, makes it optional for farmers

The Union Cabinet has approved many changes in the PMFBY programme as farmers' body and states were raising some concerns

Fixing crop insurance

There are many shortcomings in the design of the PMFBY

Govt-owned AIC mulls launching crop reinsurance services outside India

The firm is currently in discussions with intermediaries to launch the product by January 2020

Should govt's PMFBY crop insurance scheme be voluntary for farmers?

Some experts say voluntary Pradhan Mantri Fasal Bima Yojana may hit farmer enrolments, unless the scheme is made more attractive

Should crop insurance scheme be voluntary? Centre seeks states' opinion

At present, the crop insurance scheme is compulsory in nature

PM Fasal Bima Yojna may lose sheen if BJP fulfills promise on scheme

Crop insurance scheme is facing challenges in implementation. Between FY16 and FY17, number of farmers enrolled declined by 15% from about 57.3 min to 48.5 mn

Crop insurance as 'big' a scam as Rafale deal: Uddhav Thackeray

Claiming that there was a 'bubble' of announcements, Thackeray asked the government to 'solve the problems of farmers before considering any alliance talks'

To close gaps, Centre will soon introduce revised crop insurance rules

No major change but Centre aims to 'close the gaps'; some incentives and penalties to be introduced

Chhattisgarh asks Reliance, IFFCO to clear crop insurance payments

Companies due to pay Rs 3.53 billion claims to farmers for crops damaged

Higher coverage, premiums to inflate crop insurance subsidy

Premium collection in 2016-17 was Rs 22,337 crore and claims were about Rs 13,500 crore

Crop insurance flaws

PM's flagship scheme needs an urgent reboot

Rains, tomato crisis: Will farmers be better off buying private insurance?

Farmers are not getting enough protection as states mostly do not pay the premium they should

No benefit for farmers in Rajasthan's Bundi district from PMFBY

The low sum insured as compared to the scale of finance in Rajasthan said to be the culprit

Extended cut-off dates hurt crop insurance scheme

Monsoon risks will largely be known by July 31

PM's crop insurance scheme makes sluggish start in first season

Delayed notification by states, keeping sugarcane out of the ambit may have hit coverage

There has to be a time limit for motor insurance claims: Bhargav Dasgupta

Private sector insurer ICICI Lombard General Insurance has seen almost 39% growth in top-line as per their results for the first six months

PM's crop insurance scheme makes slow start in first season

Delayed notification by states, keeping sugarcane out of the ambit may have hit coverage

Deadline for crop insurance proposal extended till Aug 10

PMFBY replaces the existing two schemes NAIS and Modified NAIS, which have had some inherent drawbacks