Crop Insurance – PMFBY, etc.

Centre contemplating launch of insurance scheme for farmers

  1. Agriculture sector is facing a lot of challenges due to recurrent droughts, floods and weather-related changes.
  2. At present, one third of global production is lost or wasted annually which is enough to feed two billion people for a year.
  3. Around 800 million people in the world suffer from hunger and undernutrition remains widespread with some 2 billion people lacking essential nutrients like iron, zinc and vitamin A.
  4. According to a U.N.’s FAO estimate, world food production must rise 60 per cent to keep pace with the demographic change.
  5. Whereas the International Panel on Climate Change predicts that crop yields may decline by 10-20 per cent by 2050.

‘Agriculture sector is facing a lot of challenges due to recurrent droughts and floods’

  1. Agriculture sector is facing a lot of challenges due to recurrent droughts, floods and weather-related changes.
  2. At present, one third of global production is lost or wasted annually which is enough to feed two billion people for a year.
  3. Around 800 million people in the world suffer from hunger and undernutrition remains widespread with some 2 billion people lacking essential nutrients like iron, zinc and vitamin A.
  4. According to a U.N.’s FAO estimate, world food production must rise 60 per cent to keep pace with the demographic change.
  5. Whereas the International Panel on Climate Change predicts that crop yields may decline by 10-20 per cent by 2050.
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