State body to parties: Back Shiv Sena’s protest today

Mr Tiwari said that the protest will help in finding solutions to the problems pertaining to the Pradhan Mantri Fasal Bima Yojana (PMFBY).

Govt plans to tweak PMFBY; to make crop insurance voluntary to all farmers

Among key changes, the ministry has suggested making the scheme voluntary to all farmers including loanee farmers.

The government has set a target to provide Rs 11 lakh crore credit to farmers in the current fiscal.

Despite fall in the number of farmers insured, profits of insurance firms have not dwindled.

Currently, the crop cutting experiment (CCE) —the traditional random survey method is used to estimate crop yields of a location.

Companies hold two-day meet to discuss claim settlement process.

The PMFBY, launched in 2016, is the most important tool today to insure agriculture against climate and other risks.

In the 2016-17 crop year, total claims to the tune of Rs 15,352 crore were paid to the farmers.

The unit will have 15 professionals whom the UNDP is in the process of hiring on its payroll.

During the 2017-18 crop year (July-June), 4.79 crore farmers have been covered under PMFBY.