ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504,

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

Govt to fast-track Fasal Bima Yojana with new team 

The Financial Express , Feb 22, 2018

The centre on Wednesday said a professional team will be put in place by next month to speed up the implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY) and increase the coverage under the scheme to 50% of the gross cropped area in 2018-19.

To address various gaps in PMFBY, the agriculture ministry has modified the guidelines which would be released next fortnight. The current portal has also been upgraded with new features, it added. PMFBY was launched in 2016 under which farmers pay very nominal premium and get full claim for damages. The scheme is being implemented in 25 states.

"There has been good response to the scheme. The coverage has increased. But there is more to be done. Efforts are being made to ensure more farmers take benefit of the scheme," Minister of State for Agriculture Gajendra Singh Shekhawat said at a FICCI-organised event here.

So far, 30% of the cropped area has been insured but the target is to achieve 50% next year, he said while urging states to cooperate in this endeavour.

Joint secretary in the ministry Ashish Bhutani was of the view that the government's team is too small and a professional management should be in place by March.

Around 20-odd professionals will be hired to ensure that all issues related to PMFBY are addressed comprehensively, he said. Bhutani further said the guidelines of PMFBY are being modified to ensure all required data and the process to assess the crop damage is done faster and in a transparent manner so that there is no delay in settlement of claims to farmers.



Also Read

New portal to address crop insurance issues to be online within a week: Ministry of Agriculture & Farmers Welfare

Dodgy data may throw a spanner in PMFBY works     

Curbing data fudging, key to success of crop cover plan: Experts     

State govts to blame for issues in crop insurance scheme: Agriculture ministry     

Central Govt to fast-track Fasal Bima Yojana with new professional team     

New portal to address crop insurance issues to be online soon     

Space Technology: Accelerating Agriculture Insurance     

UP signs its budget's worth of MoUs     

Canada explores trade avenues     


 Accelerating Agriculture Insurance