|| Gujarat Good-Bye To Modi Farmers Scheme ||
Gujarat is the latest State to exit the Pradhan Mantri Fasal Bima Yojana (PMFBY) - an ambitious crop insurance scheme citing exorbitantly high premium cost to the State.
State Chief Minister Vijay Rupani on Monday launched an alternate State-funded scheme - Mukhya Mantri Kisan Sahay Yojana covering all farmers under a crop insurance for the current kharif season.
Due to exorbitant cost of premium, which works out at around 4,500 crore as per the tenders, we have decided to cancel the tenders for PMFBY. Though it is a good scheme for the farmers, and Gujarat has remained its part in the past and will be so in future too, but for the current year at least we are not going with PMFBY scheme considering excess burden on the State exchequer, Rupani said during a media briefing on Monday.
Last year, Reliance General Insurance Company, Universal Sompo, Bharti Axa and Agriculture Insurance Company of India were appointed for different clusters in the State.
Every year tenders are floated for insurance companies to ask for premiums to provide crop insurance coverage to farmers. This year, the tenders floated by Gujarat government saw insurance companies asking 5,700 crore in premium, Rupani said.
However, he added that the State government has rolled out a simplified crop insurance scheme covering all the farmers in the State.
We are announcing Mukhya Mantri Kisan Sahay Yojana for current years Kharif season. There will be zero premium payable by farmers. It will not require any registration from the farmers side. All climatic extremities will be considered including drought, floods or even damage due to unseasonal rains. Under the PMFBY, about 15-17 lakh farmers were covered, whereas in the States scheme, all 56 lakh farmers will get automatically covered under the scheme, he said.
https://www.thehindubusinessline.com/economy/agri-business/crop-insurance-gujarat-exits-pmfby-launches-state-funded-scheme-for-kharif-2020/article32316064.ece
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|| Gujarat Good-Bye To Modi Farmers Scheme || Gujarat is the latest State to exit the Pradhan Mantri Fasal Bima Yojana (PMFBY) - an ambitious crop insurance scheme citing exorbitantly high premium cost to the State. State Chief Minister Vijay Rupani on Monday launched an alternate State-funded scheme - Mukhya Mantri Kisan Sahay Yojana covering all farmers under a crop insurance for the current kharif season. Due to exorbitant cost of premium, which works out at around 4,500 crore as per the tenders, we have decided to cancel the tenders for PMFBY. Though it is a good scheme for the farmers, and Gujarat has remained its part in the past and will be so in future too, but for the current year at least we are not going with PMFBY scheme considering excess burden on the State exchequer, Rupani said during a media briefing on Monday. Last year, Reliance General Insurance Company, Universal Sompo, Bharti Axa and Agriculture Insurance Company of India were appointed for different clusters in the State. Every year tenders are floated for insurance companies to ask for premiums to provide crop insurance coverage to farmers. This year, the tenders floated by Gujarat government saw insurance companies asking 5,700 crore in premium, Rupani said. However, he added that the State government has rolled out a simplified crop insurance scheme covering all the farmers in the State. We are announcing Mukhya Mantri Kisan Sahay Yojana for current years Kharif season. There will be zero premium payable by farmers. It will not require any registration from the farmers side. All climatic extremities will be considered including drought, floods or even damage due to unseasonal rains. Under the PMFBY, about 15-17 lakh farmers were covered, whereas in the States scheme, all 56 lakh farmers will get automatically covered under the scheme, he said. https://www.thehindubusinessline.com/economy/agri-business/crop-insurance-gujarat-exits-pmfby-launches-state-funded-scheme-for-kharif-2020/article32316064.ece