{"id":125574,"date":"2021-08-12T18:37:27","date_gmt":"2021-08-12T13:07:27","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=125574"},"modified":"2021-08-13T16:17:10","modified_gmt":"2021-08-13T10:47:10","slug":"parliamentary-panel-flags-fasal-bima-plan-woes","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/parliamentary-panel-flags-fasal-bima-plan-woes\/","title":{"rendered":"Parliamentary panel flags Fasal Bima plan woes"},"content":{"rendered":"<p><strong>Source<\/strong>: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/timesofindia.indiatimes.com\/india\/parl-panel-points-at-falling-footprints-of-central-crop-insurance-flags-withdrawal-of-states-and-delay-in-claim-settlement\/articleshow\/85232565.cms\">Times of India<\/a><\/span><\/p>\n<p><strong>Relevance<\/strong>: Analysis of Pradhan Mantri Fasal Beema Yojana (PMFBY).<\/p>\n<p><strong>Synopsis<\/strong>: Issues with PMFBY and recommendations to make it more efficient.<\/p>\n<h5><strong>Context<\/strong><\/h5>\n<p>A parliamentary panel has expressed concerns over withdrawal or non-implementation of Pradhan Mantri Fasal Beema Yojana (PMFBY) in few states and held that more such examples will defeat the very purpose of the scheme.<\/p>\n<p>Punjab never joined the PMFBY, whereas Bihar and West Bengal withdrew from it in 2018 and 2019 respectively.<\/p>\n<p>Andhra Pradesh, Gujrat, Telangana and Jharkhand did not implement the scheme last year.<\/p>\n<h5><strong>Issues identified<\/strong><\/h5>\n<p>Panel identified the following issues:<\/p>\n<ol>\n<li><strong>Decrease in coverage area<\/strong>&#8211; The coverage area has decreased from 567.2 Lakh hectares in 2016-17 (highest coverage in the history of crop insurance in India) to 497.5 Lakh hectares in 2019-20. This has happened due to following reasons:\n<ul style=\"list-style-type: disc;\">\n<li>De-duplication by making Aadhar mandatory<\/li>\n<li>Announcement of debt waiver scheme by some states<\/li>\n<li>Land record integration in the states of Maharashtra and Odisha<\/li>\n<li>Non-implementation\/suspension of implementation of the scheme by some states<\/li>\n<li>Financial constraints and low claim ratio during normal monsoon season<\/li>\n<\/ul>\n<\/li>\n<li><strong>Delay in claim settlement<\/strong>&#8211; Though there is provision of penalties (12% interest rate per annum to be paid by insurance companies to farmers for delay in claim settlement beyond 10 days prescribed cut-off date) it has failed to resolve the problem.<\/li>\n<\/ol>\n<h5><b>Recommendations<\/b><\/h5>\n<ul>\n<li><strong>Make it technology driven<\/strong>: The panel recommended the ministry to <strong>make the scheme more technology driven<\/strong> to improve the settlement of claims and make it hassle-free and farmer friendly.<\/li>\n<li><strong>Return the premium with interest<\/strong>: It also recommended that when the reason for delay is non-payment of subsidy by the state, the premium paid by the farmers be returned along with interest within a fixed time frame.<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><strong>Terms to know<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/pradhan-mantri-fasal-bima-yojana-pmfby\/\" target=\"_blank\" rel=\"noopener\"><strong>PMFBY<\/strong><\/a><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: Times of India Relevance: Analysis of Pradhan Mantri Fasal Beema Yojana (PMFBY). Synopsis: Issues with PMFBY and recommendations to make it more efficient. Context A parliamentary panel has expressed concerns over withdrawal or non-implementation of Pradhan Mantri Fasal Beema Yojana (PMFBY) in few states and held that more such examples will defeat the very&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/parliamentary-panel-flags-fasal-bima-plan-woes\/\">Continue reading <span class=\"screen-reader-text\">Parliamentary panel flags Fasal Bima plan woes<\/span><\/a><\/p>\n","protected":false},"author":10330,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[9021,9007,8782,212],"class_list":["post-125574","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-agriculture-financing","tag-agriculture-sector","tag-government-policies-and-interventions","tag-gs-paper-2","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700804226},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/125574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10330"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=125574"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/125574\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=125574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=125574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=125574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}