Since its launch in 2016, Pradhan Mantri Fasal Bima Yojana (PMFBY) has seen a consistent fall in acreage and the number of farmers covered.<\/span><\/p>\n Click Here to read about it<\/b><\/a><\/p>\n This scheme was initially compulsory for loanee farmers but has been made voluntary for all since 2020.\u00a0<\/span><\/p>\n The scheme insures farmers against all non-preventable natural risks from pre-sowing to post-harvest.\u00a0<\/span><\/p>\n It is a yield index-based scheme and is mainly implemented on an area approach basis.<\/span><\/p>\n Claims are worked out on the basis of shortfall in actual yield vis-\u00e0-vis the threshold yield in the notified area. However, the premium is determined through bidding.<\/span><\/p>\n The premium is shared by the Union and state governments on a 50:50 basis and on a 90:10 basis in the case of northeastern states.<\/span><\/p>\n 1) <\/b>Low amount of Compensation, <\/span>2)<\/b> States opting out of the scheme or delaying paying their share of premium,<\/span> 3) <\/b>Private insurers are not following the assessment by the government officials and rejecting many claims on the basis of their own assessment, <\/span>4)<\/b> Corruption, <\/span>5) <\/b>Disputes on the quality of yield data and <\/span>6)<\/b> Human Resources Shortage.<\/span><\/p>\n The government has made changes to the scheme twice. It has also set up a panel to suggest suitable working models for PMFBY. It is specifically studying Gujarat\u2019s <\/span>Beed Model of Crop Insurance.<\/span><\/a><\/p>\n Source<\/b>: This post is based on the article \u201cIndia\u2019s facade of agricultural insurance<\/b>\u201d <\/b>published in Down To Earth <\/b>on 22nd February 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? Since its launch in 2016, Pradhan Mantri Fasal Bima Yojana (PMFBY) has seen a consistent fall in acreage and the number of farmers covered. What is Pradhan Mantri Fasal Bima Yojana(PMFBY)? Click Here to read about it Other Features of the Scheme: This scheme was initially compulsory for loanee farmers but… Continue reading About PMFBY: India\u2019s facade of agricultural insurance<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,956,9],"tags":[10504,10514],"class_list":["post-170215","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-schemes-and-programs","category-public","tag-down-to-earth","tag-dte","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/170215","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\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=170215"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/170215\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=170215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=170215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=170215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is Pradhan Mantri Fasal Bima Yojana(PMFBY)?<\/b><\/h5>\n
Other Features of the Scheme:<\/b><\/h5>\n
What are the issues with the PMFBY? <\/b><\/h5>\n
What are the steps taken by the government to address issues with the PMFBY?<\/b><\/h5>\n