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Guest Column | It’s time Punjab embraces PM Fasal Bima Yojana

To truly make Centre’s flagship insurance scheme succeed in Punjab, a profound understanding of the state’s agrarian dynamics is essential

The PMFBY, which is implemented by various public and private insurance companies, is overseen by the ministry of agriculture and farmers welfare. This scheme offers newfound flexibility with its latest amendments to expand its reach. (File)
Updated on Jan 09, 2024 07:06 AM IST
ByProf Sandeep Kaur

Postmen, gramin dak sevaks functioning as mobile banks: PMG

PMG takes stock of progress of postal services, India Post Payments Bank services in Prayagraj region

Postmaster General (PMG) of Prayagraj Region Krishna Kumar Yadav with postal officials in Prayagraj on Thursday. (HT)
Updated on Nov 17, 2023 07:22 AM IST
By, Prayagraj

Increase in farm insurance enrolments for two years in row

The PMFBY is the country’s main subsidized crop insurance scheme, where farmers pay between 1.5% and 2% of the premium, depending on crop cycles

A latest review of the Pradhan Mantri Fasal Bima Yojana by the farm ministry, up until the current summer cropping season, shows an increase of 22% in the number of enrolled cultivators at 24.9 million (Reuters)
Updated on Oct 11, 2023 06:46 AM IST
By, New Delhi

Fasal Bima Yojana benefitting insurance firms only: Hooda

The former chief minister said insurance companies in Haryana collected ₹253 crore as premium, while only ₹20 crore was given to the farmers as compensation

Former chief minister and leader of Opposition Bhupinder Singh Hooda (File photo)
Updated on Jul 25, 2023 09:56 PM IST
By, Chandigarh

Farm insurance scheme rejigged for fast payouts

Claimants can get partial payouts proportionate to the Centre’s share on time while earlier guidelines stipulated that central funds were to be released only when states release theirs

The PMFBY is the country’s main subsidized crop insurance scheme, where farmers pay between 1.5% and 2% of the premiums depending on crop cycles (Bloomberg)
Updated on Jul 25, 2023 12:27 AM IST
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