Crop insurance

Latest crop insurance news in India. PMFBY is the central government scheme on crop insurance for farmers in India.

• Farmers in Odisha Protest Against Delay in Disbursement of Crop Insurance Money

  According to the protesting farmers, HDFC Ergo insured their crop during the previous Kharif season. Over 90,000 farmers applied for PMFBY insurance and paid the premium for approximately 2 lakh hectares (ha) of farmland online.…

• Free Crop Insurance: Rs 3.58 Crore Credited To The Accounts of 5,297 Farmers

  Every crop is enrolled in e-crop through Rythu Bharosa Kendras and covered under the insurance scheme, according to MP M Gurumoorthy.…

• Agri Ministry Signs MoU with UNDP for Strategic Partnership on Agriculture Credit & Crop Insurance

  KCC-MISS and PMFBY were launched with the goal of addressing the shortcomings of previous Schemes and developing a structure that allows for better implementation options for all stakeholders while achieving the desired results. Several new provisions have been added to the Schemes to that effect.…

• Government to Provide Crop Insurance Worth Rs.112.8 Crores to Farmers

  Due to unseasonal rain, many farmers in the region of West Bengal lost their crops. The government has decided to provide them with crop insurance to compensate for their losses.…

• Crop Insurance: What Are the Benefits & How To Claim It?

  This article discusses the benefits of crop insurance and how farmers can take benefit from it.…

• Reliance General Insurance Participates in the PMFBY’s Policy Distribution Drive - “Meri Policy Mere Hath”

  Reliance General Insurance Company Ltd (RGICL), India's 4th largest private general insurance company, has announced its participation in the Pradhan Mantri Fasal Bima Yojana's nationwide Doorstep Crop Insurance Policy Distribution Mega Drive - 'Meri Policy Mere Hath' under 'Azadi Ka Amrit Mahotsav Campaign – India@75'.…

• Mysuru Farmers Seek MSP for Crops, Health Insurance & Collateral-free Loans

  The State Sugarcane Growers’ Association has sought health insurance to the families of all sugarcane growers in the State besides minimum support price for farm produce as done in Telangana, Punjab and Tamil Nadu.…

• Madhya Pradesh Govt Paid out Rs 7,600 crore in Crop Insurance Claims

  Madhya Pradesh had implemented an 80:110 plan in both the kharif and rabi seasons of 2020-21, limiting AIC's potential losses. In this case, AIC is not required to pay claims in excess of 110% of the gross premium, and the State assumes responsibility above that…

• Centre Considering Plans to Waive Off Farmers’ Crop Insurance Premium

  Many experts have pointed out a number of flaws in the programme, which have caused farmers, state governments, and insurance firms to express their dissatisfaction with the current approach.…

• Farmers In MP Are Yet To Receive Crop Insurance Claims of 2020 Cropping Season

  The State's delay in settling the output under the Pradhan Mantri Fasal Bima Yojana has left farmers stranded.…

• Government Plans to Bring One-Time Crop Loan Waiver Scheme

  Rajasthan Chief Minister Ashok Gehlot announced on Monday that the state government will provide relief to poor farmers by instituting a one-time scheme to waive crop loans obtained from nationalized banks.…

• Center Sets Up Two Panels to Reduce Crop Insurance Premium

  Under the flagship Pradhan Mantri Fasal Bima Yojana, the Centre has appointed two separate groups of experts to suggest suitable working models with a cost-benefit analysis that will lower crop insurance premium and technology in crop yield estimation (PMFBY).…

• Meri Fasal Mera Byora: Now Farmers Can Register Till 31st January; Direct Link Inside

  Agriculture Department has made it mandatory for farmers to register on Meri Fasal Mera Byora Portal for purchase of Rabi crops at MSP. So far only about one lakh farmers have registered on the department's portal.…

• Maharashtra Asks Insurance Companies to Settle Crop Loss Claims of Farmers

  The area under Rabi sowing in state is 52 lakh hectares. The sowing of wheat, maize, bajra, jowar, sesame, mustard, oats continued till November end. The sugar cane planting commenced from December.…

• Agriculture Insurance Company Introduces Parametric Insurance to Protect Farmers Against Weather Vagaries

  Solving the age-old problem, Agriculture Insurance Company of India Limited, a nationalized insurance company, has introduced ‘Parametric Insurance’ to provide protection for crops against weather vagaries. AIC has worked to gather the data with multiple credible weather data agencies like IMD, Skymet Weather, and private/government…

• Mukhyamantri Bagwani Bima Yojana: Get upto Rs 40000 under this Crop Insurance scheme

  Mukhyamantri Bagwani Bima Yojana: For vegetable and issue crops, farmers will have to pay a premium of Rs 750, for fruit crops it will be Rs 1000. You will get an insurance cover of up to Rs 40,000.…

• Now Farmers will Get Insurance Cover for Horticultural Crops

  Haryana Government has approved implementation of Mukhyamantri Bagwani Bima Yojana (MBBY) to compensate horticulture crop losses due to adverse weather & natural calamities.…

• Kerala offers new short-term credit scheme for farmers

  The one-year loan has a 6.4 percent interest rate and is only for agricultural purposes.…

• Over 15 Lakh Farmers in AP receives Rs 1820.23 crore under YSR Free Crop Insurance Scheme

  Y S Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, credited Rs.1820.23 crore to the bank accounts of 15.15 lakh farmers who lost their Kharif crop in 2020 under the ‘YSR Free Crop Insurance' plan…

• Farmers to get crop payment directly in their account: FCI

  FCI announced that crop procurement payment will directly transfer to farmer account…

• Farmers of This State will soon get Interest-Free Crop Loans

  The Maharashtra Vikas Aghadi (MVA) government declared that farmers would be able to get interest-free crop loans from this fiscal year. Farmers will be able to get crop credit up to Rs 3 lakh, with the state paying the interest on the loans.…

• Farmers Who Diversify will Get Compensation by Punjab Government

  In response to a question asked by MLA Avtar Singh Junior Forest Minister Sadhu Singh Dharmsot said the Punjab government is planning ways to adequately compensate farmers who leave wheat-paddy crop cycle, especially those who increase forest cover.…

• More than 80,000 Hectares of Crops Damaged by Unseasonal Rains in Tamil Nadu’s Ramanathapuram District

  The Central Inter-Ministerial Committee, which came to Tamil Nadu has thoroughly inspected damaged crops in the district of Ramanathapuram in Tamil Nadu.…

• European Crop Protection Association Becomes Croplife Europe

  Effective from January 6th this year, the European Crop Protection Association will operate as CropLife Europe, expanding its mandate to include digital and precision farming, plant biotech innovation and biopesticides alongside conventional pesticides.…

• Special Crop Assessment to be Undertaken by the Government of Rajasthan

  Gehlot govt. to offer awards to farmers for harm because of hailstorm, ice…

• Jharkhand Fasal Rahat Yojana: Eligibility, Benefits, Essential Documents & Method to Apply

  Jharkhand is replacing Centre’s Pradhan Mantri Fasal Bima Yojana with its own crop relief scheme for farmers of the state. Jharkhand’s crop insurance scheme will be launched tomorrow, 29th December 2020 but it will take three months to come into effect.…

• Covering Risks that go beyond Crop insurance for Farmers and for Better Food Sovereignty

  Isn’t it Time for Food Sovereignty? Creating a food system that is capable of helping people rather than making huge profits. This movement consists of Creating an alliance of farmers and consumers. It would take time, but paving the way for building the network is…

• Good News! You Can Get Insurance of Rs. 10 Lakh through Your ATM card; Know How?

  RuPay ATM card is offering insurance of Rs. 10 lakh for free. Along with this, there are many more attractive benefits of this card, about which very few people are aware of.…

• Haryana Government to Offer Insurance Cover for Vegetable & Horticultural crops: J P Dalal

  On Monday, 12th October 2020 Haryana’s Agriculture and Farmer Welfare Minister J P Dallal announced a scheme under which the state farmers would get insurance on their horticulture and vegetable products.…

• Free Crop Insurance Scheme Launched for Farmers of This State; Registration Can be Done by Paying Just Rs. 1

  Government of Andhra Pradesh has launched free crop insurance scheme for the farmers of the state. A large number of farmers are availing the opportunity as they have to pay just Rs 1 to get registered under the scheme.…

• Crop Insurance – An important risk mitigation tool for India’s agrarian economy

  The weather conditions all over the world have become volatile and India is no different, with floods and drought conditions becoming a regular phenomenon. Such conditions have a major impact on agriculture, which is the most important sector for the Indian economy.…

• PMFBY: Insurance companies have collectively paid 85% claims against premium collected

  Losses exceeding premium-to-claims ratio 1:3.5 in the crop season are met from equal contribution from the Central government and the concerned State government.…