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Saturday, Apr 27, 2024 | Last Update : 03:32 AM IST

Kishor Tiwari, chairman of the Vasantrao Naik Shetkari Swavalamban Mission

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).

17 Jul 2019 6:09 AM

PMFBY provides comprehensive crop insurance from pre-sowing to post-harvest period against non-preventable natural risks at extremely low premium rate of 2 per cent for kharif crops, 1.5 per cent for rabi crops and 5 per cent for horticulture and commercial crops.

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.

15 Jul 2019 5:50 PM

At present, farmers get for short-term farm loan of up to Rs 3 lakh at 7 per cent interest rate. (Photo: PTI)

Govt mulls zero interest on timely crop loan repayment as new year gift

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

28 Dec 2018 3:08 PM

Revealing the fact while replying to an RTI query, the agriculture ministry said about 10 private insurance companies have earned Rs 15,795 crore in premium over a two-year.

PMFBY a boon for general insurers

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

28 Nov 2018 10:41 AM

Agriculture Ministry wants to use modern technologies to get the crop yield figures faster and accurately for payment of crop insurance claims.

PMFBY: Govt testing modern tech for assessment of crop damage

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

05 Sep 2018 9:13 AM

50,000-55,000 hectares of agricultural land have been destroyed in floods and initial projections put the loss at around Rs 1,000 crore. (Photo: File | PTI)

Insurers ditched Kerala farmers in FY18; floods add to their woes

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

22 Aug 2018 10:14 AM

Government and insurers are trying to increasing the penetration in the non-loanee segment, said a climate risk management firm WRMS.

Only 29 per cent farmers aware of details of PMFBY

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

21 Aug 2018 8:39 AM

Insurance companies have settled Rs 11,899-crore claims of eligible farmers under the Pradhan Mantri Fasal Bhima Yojana (PMFBY) for the kharif 2017 season, the government said on Friday.

Insurers settle farmers' Rs 11,899 crore claims under PMFBY

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

03 Aug 2018 5:02 PM

The Centre has put in place a new professional team to fast-track crop insurance scheme PMFBY and raise the coverage under the scheme to 50 per cent of the gross cropped area in 2018-19, a government official said on Tuesday.

Govt engages UNDP to fast-track crop insurance scheme

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

10 Jul 2018 4:46 PM

Presently, five public sector insurers and 13 private insurance companies are empanelled for implementation of the scheme.

States allowed to set up crop insurance firms to execute PMFBY

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

02 Apr 2018 2:26 PM

Budget allocation for the agriculture ministry has been increased by 13 per cent to Rs 58,080 crore for the 2018 -19 fiscal, from Rs 51,576 crore for this year

Budget 2018 aims to transform farm sector in a big way: Agri Secretary

The farm credit target has been raised to Rs 11 lakh crore for 2018-19 from Rs 10 lakh crore this year.

02 Feb 2018 2:22 PM

Under the PMFBY, farmers' premium has been kept lower between 1.5-2 per cent for foodgrains and oilseed crops.

Crop insurance scheme likely to get Rs 13,000 crore in FY19 budget

For current fiscal government had initially given a budget of Rs 9,000.75 crore for PMFBY.

10 Jan 2018 12:39 PM

Meeting was convened by the prime minister to review the progress of two key schemes related to the agriculture sector. (Photo: PTI)

Over 90 lakh farmers benefited from crop insurance scheme

Over Rs 7,700 crore have already been paid to farmers under the Pradhan Mantri Fasal Bima Yojana.

21 Aug 2017 4:01 PM

There are 1.75 lakh CSCs which can be used for collection and uploading of crop insurance documents at a nominal rate.

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

Non-loanee farmers who have taken the crop insurance policy at present are only 22 per cent.

25 May 2017 4:59 PM

In first year of the implementation of the PMFBY, a substantial progress has been achieved. In 2017-18.

Govt aims 40 per cent sown area under insurance cover in 2017-18

In 2016-17 crop year, about 26.28 per cent or 51.1 million hectare of gross area under crops was insured.

23 Apr 2017 4:40 PM

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Farrukh Dhondy

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