Continuing suicides and in termittent protests by far mers across the country prompted the Supreme Court on Thursday to ask why the muchpublicised Pradhan Mantri Fasal Bima Yojana (PMBFY) had not provided relief to hapless farmers. While the government said that it is the first year and they are ironing out the problems, a look at the details of this first year's implementation throws up more systemic issues.
Responding to a question, ag riculture minister of state Purushottam Rupala told the Lok Sabha on 28 March 2017 that insurance companies collected over Rs 9,000 crore as premium for the kharif season in 2016. As per the PMFBY rules farmers only gave Rs 1,643 crore of this amount with the balance Rs 7,438 crore being directly given to the companies by the state and central governments. Read More.
Responding to a question, ag riculture minister of state Purushottam Rupala told the Lok Sabha on 28 March 2017 that insurance companies collected over Rs 9,000 crore as premium for the kharif season in 2016. As per the PMFBY rules farmers only gave Rs 1,643 crore of this amount with the balance Rs 7,438 crore being directly given to the companies by the state and central governments. Read More.