Crop Insurance – PMFBY, etc.

Prime Minister to meet banks, insurance companies on crop insurance

  1. Context: The govt’s thrust on crop insurance scheme after drought, unseasonal rains and hailstorms last year
  2. News: PM will meet top officials all banks and insurance companies to discuss the implementation of Pradhan Mantri Fasal Beema Yojana
  3. Background: Last year, the state govts sought over Rs.10,100 crore from the National Disaster Response Fund to manage agrarian crisis
  4. Agenda: To bring more loanee farmers under the crop insurance scheme so that the target of 50% is achieved and more farmers take up insurance coverage
  5. Statistics: Currently, about 25% the total crop area of 194.40 million hectares is being insured
  1. Context: The govt’s thrust on crop insurance scheme after drought, unseasonal rains and hailstorms last year
  2. News: PM will meet top officials of all banks and insurance companies to discuss the implementation of Pradhan Mantri Fasal Beema Yojana
  3. Background: Last year, the state govts sought over Rs.10,100 crore from the National Disaster Response Fund to manage agrarian crisis
  4. Agenda: To bring more loanee farmers under the crop insurance scheme so that the target of 50% is achieved and more farmers take up insurance coverage
  5. Statistics: Currently, about 25% the total crop area of 194.40 million hectares is being insured
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