Skip to main content

Union Cabinet approves Pradhan Mantri Fasal Bima Yojana

The Cabinet approved Pradhan Mantri Fasal Beema Yojna, a crop insurance scheme aimed to ensure farmers’ welfare.

  • The scheme will offer more insurance with less premium, and lead to rise of purchasing capacity of farmers.

  • The new scheme replaces the existing National Agricultural Insurance Scheme.

  • Government liability on premium subsidy will be shared by central and state governments on fifty-fifty basis.

  • The budget for Crop Insurance will be substantially increased from 2823 crore rupees in 2015-16 to 7750 crore rupees in 2018-19.

  • Remote Sensing, smart phones and drones will be used for quick estimation of crop losses and early settlement of claims.

  • Currently, farmers have to pay premium ranging from 4 to 15 per cent to insure crops.

Example: the case of Lalitpur in Uttar Pradesh’s Bundelkhand region, where the actual premium for paddy is 22 per cent of the sum insured and farmers have to pay a premium as high as 5.75 per cent.

  • a farmer will not have to pay more than 2.5 per cent of the sum insured as premium for kharif crops (paddy, maize, millet, etc), 2 per cent for all rabi crops except wheat, 1.5 per cent for wheat and 2 per cent for all pulses.

  • The proposal also envisages a cap of 5 per cent on premium a farmer has to pay to get horticulture crops (including fruits, vegetables and commercial crops) insured. 

  • The new scheme will also seek to address a long-standing demand of farmers and provide farm-level assessment for localised calamities, including hailstorms, unseasonal rains, landslides and inundation.

  • The government is planning to use smartphones to capture crop cutting data to reduce the time taken to finalise yield data .

The new Crop Insurance Scheme is in line with One Nation – One Scheme theme.

Comparing the new insurance scheme with the previous schemes:
NoFeature
NAIS
[1999]
MNAIS
 [2010]
PM Crop Insurance Scheme[2016]
1Premium rateLowHigh

Lower than even NAIS
(Govt to contribute 5 times that of farmer)
2One Season – One PremiumYesNoYes
3Insurance Amount coverFullCappedFull
4On Account PaymentNoYesYes
5Localised Risk coverageNo
Hail storm
Land slide
Hail storm
Land slide
Inundation
6Post Harvest Losses coverageNoCoastal areas – for cyclonic rainAll India – for cyclonic + unseasonal rain
7Prevented Sowing coverageNoYesYes
8Use of TechnologyNoIntendedMandatory
9AwarenessNoNoYes (target to double coverage to 50%)

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

India Tech Vision-2035

India Tech Vision-2035 India's technology thinktank under the ministry of science & technology has come out with `Technology Vision 2035' here at the ongoing Indian Science Congress, identifying the challenges ahead and how they can be dealt with through technological interventions while realising the dream of a developed India by the year 2035. The thinktank -Technology Information, Forecasting and Assessment Council (TIFAC) -in the vision document lists a technology roadmap for India, giving details of 12 sectors and technologies that in some cases exist but need to be deployed, some in the pilot stage that must be scaled up and technologies in R&D stage. It, in fact, talks about many future technologies, ranging from flying cars, real time translation software, personalised medicine, wearable devices, e-sensing (e-nose and e-tongue) to 100% recyclable materials among others which may be used in different areas to solve day-to-day problems “The trajectories del...
Post a Comment
Read more

Points to Remember for World Geography-AFRICA

Sirocco is a type of hot wind blowing from Sahara  to Mediterranean. Swahili is the oldest surviving African language. The country Zaire has the maximum Hydro- electric  Power  potential  in Africa. The country Djibouti is facing the Strait of Bab-el-Mandeb. Dar-es-Salam is the easternmost terminus of Tanjara railways which begins from Katanga  mineral  belt. Ostrich is the flightless bird of Kalahari Desert. Ethiopia is the place of origin of coffee. Pretoria is the administrative capital of S. Africa. Nilots are the aborigines of upper    Nile. River Zaire is the only river that crosses the equator  twice. Nubian  desert  lies  in Egypt. The countries Ethiopia and Somalia form  the  Horn  of Africa. High Veld is the temperate grassland of South  Africa. Africa is the most tropical of all   continents. Most part of Kalahari Desert lies in Botswana. The Farmers of the Egypt ar...
Post a Comment
Read more

SWACHH BHARAT MISSION

SWACHH BHARAT MISSION Prime Minister Narendra Modi launched the Swachh Bharat Mission (SBM) on October 2, 2014, the birth anniversary of Mahatma Gandhi. The ambitious programme aims to make the streets, roads and infrastructure across the country clean by October 02, 2019, the 150 th  birth anniversary of the Father of the Nation. It is India’s biggest ever cleanliness drive. The relevance of the Swachh Bharat Mission Sanitation has emerged as a key issue since the 2011 Census highlighted e glaring data on lack of toilets in the country by stating that over 26 million people in India defecate in the open. Launched with an estimated cost of around Rs 62,009 crore, Swachh Bharat Mission aims to achieve the elimination of open defecation in the country. Among its other objectives are conversion of insanitary toilets to pour flush toilets, putting an end to the inhuman practice of manual scavenging and carrying out Municipal Solid Waste Management (MSWM). Involvem...
Post a Comment
Read more