This kharif season, nevertheless numerous States have opted out of the revamped PMFBY, some like Rajasthan, Tamil Nadu, Assam and Karnataka have seen an improve in farmers using deal with below the flagship plan.

Interestingly, the selection of non-loanee farmers using deal with below PMFBY, which has been made voluntary from this kharif season, has risen in Tamil Nadu, Assam, Rajasthan and Haryana.


Vagaries of nature

The panic of crop loss thanks to aspects these kinds of as flooding and pest attacks and greater settlement ratio in the former a long time could have been the motorists for the increase in non-loanee enrolments in these States, resources claimed. While crops are largely prone to floods in Assam, Tamil Nadu had witnessed flooding in various districts past year. Rajasthan has seen desert locust attacks early into the season from April this year.


Officials at the TN Agriculture Division claimed the awareness strategies alongside with mass media assistance and use of mobile vans in remote parts have served in increasing the deal with between non-loanee farmers enrolments.

As Gujarat, Telangana, Andhra Pradesh, Jharkhand have pulled out of PMFBY, total applications across the state were down by 12 for every cent at 336 lakh. In Maharashtra, total enrolments and space protected were down by close to seventeen for every cent each individual, even though decrease in non-loanee candidates was marginal. Other States these kinds of as UP, Haryana, Chhattisgarh and Odisha have seen dip in enrolments.

Anxiety of crop loss thanks to climatic vagaries is the greatest chance that farmers across the state deal with as the weather sample is significantly getting to be erratic in latest a long time. Near to 50 a long time following the first crop insurance plan plan was introduced in the state, the deal with for crops continue to remains elusive for a huge portion of farmers. There is an increasing have to have being felt to deal with their threats and acquire a re-look at the present strategies to widen the ambit to also contain the perennial crops.

“Crop insurance plan strategies, particularly PMFBY, have finished a wonderful job bringing insurance plan option to the farmers who have historically experienced from vagaries of nature,” claimed G Srinivasan, Director, National Insurance coverage Academy.

“We have to have to build right awareness about the plan to the farmers. Whole lot of misgivings are largely thanks to farmers not being familiar with the crop insurance plan strategies. It is also vital that statements have to have to be settled immediately and pretty. This will go a extended way in increasing self-assurance of farmers,” Srinivasan claimed.

Fiscal fears

Into its fifth year, the PMFBY is shedding its sheen thanks to a host of aspects these kinds of as delayed settlement and States opting out.

“To make the crop insurance plan extra interesting, the premium charged must be very nominal,” states A Narayanamoorthy, former CACP member. “To prevent the existing problem, wherein States are pulling out of the plan thanks to fiscal fears, the Centre must bear greater expenditures of applying these kinds of as plan,” he adds.

Other strategies

Apart from PMFBY, the Temperature Dependent Crop Insurance coverage Scheme (WBCIS), which largely covers horticulture and funds crops, and the Coconut Palm Insurance coverage Scheme have not been ready to draw in the farmers’ passions.

“Crop insurance plan has not been taken seriously all these a long time and that’s the rationale we have these kinds of a minimal coverage,” claimed Devinder Sharma, agri policy pro. The present strategies, which have not uncovered a favour with farmers, must be scrapped and a new a person must be made so that each individual and each farmer in the state is protected below the crop insurance plan, he claimed.

As the Centre spends substantial volume as premium subsidy, the new strategies must be led and executed by the community sector businesses, which have a presence on the floor and also build new work, he claimed.

Commencing now, BusinessLine will bring a collection of studies on crop insurance plan.

With inputs from TE Rajasimhan in Chennai and Radheshyam Jadhav in Pune