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West Bengal launch free crop insurance scheme for farmers

Friday, June 28, 2019, 11:32 AM

West Bengal government has announced a crop insurance scheme in collaboration with the Agriculture Insurance Company of India (AIC), for the 2019 kharif season. The scheme called Bangla Shashya Bima (BSB) is applicable for farmers in 15 districts Darjeeling, Kalimpong, Purba Bardhaman, Paschim Bardhaman, Purba Medinipur, Malda, Hooghly, Nadia, Murshidabad, Cooch Behar, Birbhum, Purulia, Dakshin Dinajpur, North 24 Parganas and South 24 Parganas.
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Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss

Thursday, January 17, 2019, 7:11 AM

ELEVEN private insurers are set to register profits of over Rs.3,000Cr cumulatively from crop insurance business for year-ending March 2018 as against Rs.4,085Cr losses incurred by state-owned insurers, raising questions about allocation of business. Premiums collected by private insurers from the government were higher than the claims made by farmers for crop losses due to floods, earthquakes or shortfall of rain during the year.
 
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India's flagship crop insurance scheme a big leap, but needs fixes

Sunday, November 4, 2018, 11:23 AM

The Pradhan Mantri Fasal Bima Yojana (PMFBY), India's flagship crop-insurance scheme which is counted as the world's largest, is a big improvement over older schemes, but its improved features haven't made it any easier to implement or motivated all states equally. These are some of the key findings of two first-time reviews of the scheme that tracked its performance since its launch in 2016.

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