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Opt for crop insurance scheme: PM to farmers

Last modified March 02, 2016 10:12

The Tribune. Bengaluru, 29 February 2016

Prime Minister Narendra Modi today appealed to farmers to make a “breakthrough” by ensuring that at least 50 per cent of them opted for the new crop insurance scheme (Prime Minister Fasal Bima Yojana).
Modi, who was in Belgaum in North Karnataka today to launch his “farmer outreach” programme, said at present only 20 per cent farmers were insuring their crops and he wanted at least 50 per cent to opt for the new scheme. “Once this breakthrough is achieved, 100 per cent (farmers insuring their crops) will automatically follow,” Modi said. In a rally attended by many farmers, Modi asked them thrice if they would help him in attaining the target and the crowd enthusiastically replied in the affirmative.
The PM said the old scheme often required farmers to pay premiums at a very high rate, but the new policy would have two fixed rates of premiums. If it was kharif crop, the premium would be two per cent and in case of Rabi crop, the premium would be 1.5 per cent, Modi said, adding the premium above than this would be paid by the Centre. He stressed the harvested crop too would come under the ambit of the scheme and compensation would be paid if the crop got damaged due to natural causes within 14 days of harvest. In a village even if a single farmer bore brunt of mishaps like hailstorm, he would get the benefit of the scheme, which was not possible under the old scheme, Modi said. “Brothers, the new scheme is a very big, historic decision”, Modi thundered.

Source: Agriculture Today, AgriNews, <>

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