India - Barring Nagpur, more farmers across state opt for crop insurance

12.08.2020 684 views
Despite problems in availing finances from banks, farmers across Maharashtra have come forward to insure their crops. In the last few years, the share of non-loanee farmers who opted for the Pradhan Mantri Fasal Bhima Yogna (PMFBY) is far more than those who opted for crop loans from financial institutions. The last date for farmers to fill up the forms for the scheme ended on July 31, but the work of reconciliation of data on the bank’s end is expected to continue till August 15. As of August 6, data shows that 94.03 lakh farmers have insured their crops, paying an insurance amount of Rs 421.72 crore. Of the above, 87.57 lakh farmers are non-loanees, of which 6.43 lakh farmers have taken a loan from financial institutions at the start of their agricultural cycle. The scheme is mandatory for farmers who opt for crop loans, as the bank deducts the premium amount while disbursing the crop loan. For farmers who self-finance their agricultural activities, the scheme is optional, and if they wish to opt for the same, they need to go to the local Common Facilitation Centre (FCF) kiosk and pay the insurance amount. As the figures show, non-loanee farmers form the bulk of insurees in the state. During the kharif of 2019-20, of the 1.26 crore farmers who had insured their crops, 1.11 crore were non-loanees, while 14.77 lakh were loanees. The trend was similar during 2018-19, when, of the 95.35 lakh farmers who insured their crops, 79.85 lakhs were non-loanees, while 15.50 lakh had opted for crop loans from banks. Maharashtra’s disbursal of crop loans has been on a decline for the last three years, as more farmers have defaulted on their repayment schedule on the promises of crop loan waiver. At present, the Mahatma Jyotirao Phule Shetkari Karja Mukti Andolan is at its last steps, with around 29 lakh of the 32 lakh eligible accounts receiving the waiver. Barring the six districts in Nagpur division (Nagpur, Wardha, Bhandara, Gondia, Chandrapur and Gadchiroli), the above trend holds true for all other districts in the state. In fact, farmers in Marathwada, which alternates between unseasonal torrential rains and drought, have reported better enrolment numbers than the irrigated parts of Western Maharashtra. Maharashtra’s better record in terms of payment of compensation is one of the reasons why the scheme has received such approval from the state. The anomaly in Nagpur division, farm activist Vijay Jawandhiya said, was due to the lethargy of the agriculture extension services to popularise the scheme. “The non-loanee farmers do not know about the benefit of the scheme – that’s why the enrollment is low in these parts,” he added. Source - https://indianexpress.com
17.08.2026

India - Himachal Pradesh Rolls Out Farm Machinery Insurance Scheme to Curb Agricultural Fatalities

Himachal Pradesh introduces a specialized insurance scheme to compensate farmers and laborers injured or killed by agricultural machinery.

17.08.2026

Nigeria’s partial crop losses triple to 20 percent as climate, insecurity hit farms —World Bank report

Partial crop losses on Nigerian farms have more than tripled in five years, climbing from roughly six percent of cultivated plots in the 2018/19 season to more than 20 percent in 2023/24, according to a World Bank analysis of General Household Survey–Panel data.

17.08.2026

India - SC orders fresh nationwide survey of elephant corridors, says crop damage no excuse for barriers

The Supreme Court has ordered a fresh nationwide survey of elephant corridors and sought a status report on keeping them free of obstructions. The court said crop damage cannot justify barriers and asked the Centre to examine firearms, fireballs and mashaals used against elephants.

17.08.2026

Philippines House backs broader agricultural insurance coverage

The Philippines' House of Representatives has approved a bill seeking to expand agricultural insurance coverage to farmers and fisherfolk facing losses from natural disasters, diseases and other risks.

17.08.2026

Guam - Farmers seek Bavi relief as crop-loss frustrations linger

The Guam Department of Agriculture opened the application window Monday for farmers to seek compensation for crops lost to Typhoon Bavi, giving growers until Sept. 2 to file for help under the island's Crop Loss Compensation Program.

17.08.2026

India - Crop loss due to short circuit: Telangana farmers demand relief

The collector later clarified that there was no budgetary provision to compensate crop losses caused by electric sparks.

16.08.2026

Displaced Canadian residents face livestock losses, rebuilding without insurance

Displaced residents in Canada's British Columbia are struggling after mass wildfire evacuations, with many forced to relocate livestock and rebuild without insurance.

16.08.2026

How post-harvest insurance can boost food security in Nigeria

Agriculture forms the backbone of Nigeria’s economy, providing employment for over 70 per cent of the population and contributing significantly to the country’s Gross Domestic Product. However, despite its critical role, Nigeria faces persistent food insecurity.