A Dressed Up Version of the Pradhan Mantri Fasal Bima Yojna (PMFBY)
The hard pressed farmers are still committing suicide due to crop failure and not getting minimum support price (MSP) of their produce. The government sat quiet for four years to honour her promise on MSP and whatever announced under the scheme in a huff is very confusing and not in line with her promise. It was obvious that the MSP as announced by the government is un-implementable in the current term of their office. Crop failure is another major reason for farmers committing suicide due to their inability to pay back their loan to the bank. Agriculture insurance is recognized the world over as an important safety net for farmers to deal with the impacts of extreme and unseasonal weather condition due to climate change. The Pradhan Mantri Fasal Bima Yojna (PMFBY) was launched by the Centre on April 1, 2016 to help farmers cope with crop losses due to unseasonal and extreme weather. It is hardly the historic and path-breaking scheme that the government claims it to be. It is a dres...