Agroinsurance

NEWS

India - Aland farmers receive ₹82.88 cr. crop insurance amount under PMFBY

17.06.2024 375 views

Of the total ₹185 crore crop insurance claim received by farmers in Kalaburagi district under the Pradhan Mantri Fasal Bima Yojna (PMFBY) for the year 2023, Aland taluk has received ₹82.88 crore, legislator B.R. Patil has said.

Addressing presspersons here on Sunday, Mr. Patil said that farmers in the district have paid ₹185 crore premium and sought ₹185 crore claim for crop loss.

He accused Universal Sompo [insurance company] of denying insurance claim of many farmers who lost their crops in the previous years.

Now, the new insurance company empanelled for implementing PMFBY is IFFCO-Tokio General Insurance Company and we have high expectations of this company, Mr. Patil added.

He said that crop insurance schemes fail due to the lethargic attitude of officials and the insurance company concerned.

Akshara Avishkara

Criticising the Akshara Avishkara programme launched by Kalyana Karnataka Region Development Board (KKRDB) a year ago by allocating ₹652 crore (25% of the KKRDB grants for 2023-24) funds, Mr. Patil said that Akshara Avishkara was launched without taking the legislators from the region into confidence.

The board did not even convene a meeting with representatives from the Kalyana Karnataka region before launching the programme. “We do not have any idea how it will help improve the quality of education,” Mr. Patil added.

Source - https://www.thehindu.com

EVENTS

ScaleAgData Stakeholder Engagement Event

22.10.2024

The ScaleAgData project is pleased to invite you to our second stakeholder event. Building on the discussions and connections formed during our first webinar, this event will focus on fostering collaboration among stakeholders, providing updates on our project’s progress, and outlining future opportunities for engagement.

RISK EVENTS

Cyclone Alfred causes $11 million crop damage in Australia

20.03.2025

The Australian horticultural sector faced challenges following Cyclone Alfred's impact in late February.

African Development Bank Group receives $14 million in first funding allocation under Global Agriculture and Food Security Program’s new private sector financing window

The Global Agriculture and Food Security Program (GAFSP) has announced the first allocation from its new private sector financing window to the African Development Bank Group (www.AfDB.org), providing $14 million in de-risking capital that aims to unlock $200 million from the private sector to enhance food security in low-income countries.

26.10.2025

Pakistan - Floods devastate one-fourth of South Punjab’s fish farms

Around 25 percent of fish farms in South Punjab were damaged during the recent floods, affecting hundreds of farms across Muzaffargarh, Khanewal, and Multan districts, according to Director Fisheries Dr Riazuddin.

26.10.2025

China-Africa agricultural cooperation boosts modern farming in Mozambique

As China-Africa agricultural cooperation continues to deepen, the partnership arising is sowing the seeds of shared growth and modernization.

26.10.2025

India - Relentless rain batters paddy farmers; harvesting halted, 30–50% crop loss feared

Unseasonal and relentless rainfall has thrown paddy farmers in Udupi district into distress, halting harvesting operations and sparking fears of massive crop losses across several parts of the region.

26.10.2025

Vietnam - Singapore provides emergency relief to flood-hit residents in Tuyen Quang province

Earlier, the Singapore Red Cross provided a relief package worth 50,000 SGD (around 38,500 USD) to the Vietnam Red Cross Society to support emergency assistance in the provinces of Cao Bang, Thai Nguyen, Lang Son, and Nghe An.

26.10.2025

USA - Ag department awards $465,700 in specialty crop grants

The Hawai‘i Department of Agriculture and Biosecurity (DAB) Market Development Branch has awarded a total of more than $465,700 to seven projects under the Specialty Crop Block Grant Program for fiscal year 2025.

23.10.2025

UK - University embarks on £12.3m agriculture project

Researchers from University of Gloucestershire will play a key role in the new £12.3 million project to discover how regenerative and conservation agriculture (closely aligned systems which boost agricultural productivity and resilience by prioritising soil health) could help reverse the alarming degradation of soils.

23.10.2025

USA - California AgTech Alliance launches to help farmers stay competitive

$15 million statewide collaboration unites state, university and industry leaders to fast-track agricultural innovation, workforce development and regional economic growth.