India - Over Rs 50,000 farmers from Gujarat buy crop insurance online

06.06.2016 461 views
Having faced the worst of droughts, farmers in Gujarat have started taking crop insurance seriously with more than 50,000 of them registering for the new crop insurance cover given by Pradhan Mantri Fasal Bima Yojana (PMFBY) via the state portal.
Under the PMFBY launched this year, farmers' premium has been kept at lower ranges, between 1.5%-2% for foodgrains and oilseed crops and up to 5% for horticultural and cotton crops. There is no cap on the premium.
"More than 50,000 farmers have so far enrolled for PMFBY for the 2016-17 kharif season in Gujarat via the state portal on crop insurance," said a senior agriculture ministry official.
Gujarat is the only state at present which is enrolling farmers under the scheme strictly through its e-portal. In other states, including Uttar Pradesh, farmers are being registered by concerned agencies including banks, Primary Agricultural Credit Society (PACS), he said. "So, the exact number of farmers registered for the scheme, both online and through other ways, would be known later. Once the banks upload the details of insured farmers on the central crop insurance scheme portal, it will be known to all stakeholders," he added. Karnataka government has also prepared its state portal for PMFBY, and it will be launched soon. As of now, 11 states -- Andhra Pradesh, Telangana, Madhya Pradesh, Uttar Pradesh, Odisha, Chhattisgarh, Gujarat, Himachal Pradesh, Jharkhand, Uttarakhand and West Bengal -- and one Union Territory, Andaman and Nicobar Islands, have notified the PMFBY. Source - http://timesofindia.indiatimes.com/
29.04.2026

USA - Congress considers farm bill as farmers are pinched by rising costs

A sweeping law that governs crop insurance, conservation programs, and nutrition assistance is up at one of the toughest moments for farmers in recent memory.

29.04.2026

India - Nor’westers wreak havoc across north Bengal, normal life disrupted

Nor’westers wreaked havoc in different districts of north Bengal late on Tuesday night. Trees were uprooted, the electric supply was affected, along with standing crops. Many areas also witnessed waterlogging.

29.04.2026

Ethiopia opens insurance sector to foreign players

National Bank of Ethiopia unveils draft law for independent regulator and foreign entry.

29.04.2026

India - Fruit growers submit 14-point memorandum to Union Minister

Fruit growers of Kashmir have petitioned Union Agriculture Minister Shivraj Singh Chouhan seeking implementation of Crop Insurance Scheme for the horticulture industry, imposition of over 100 per cent import duty on American and European apples, and reintroduction of the Market Intervention Scheme (MIS), according to a 14-point memorandum submitted by Kashmir Valley Fruit Growers Cum Dealers Union (KVFGCDU).

29.04.2026

Philippines - SEARCA, EcoSecurities, UPLBFI boost PCIC capacity for data-driven corn insurance

SEARCA, in partnership with EcoSecurities and the University of the Philippines Los Baños Foundation Inc. (UPLBFI), conducted a two‑day capacity‑building workshop to strengthen the Philippine Crop Insurance Corporation’s (PCIC) capabilities in developing data‑driven, climate‑resilient agricultural insurance products.

29.04.2026

India - MLA TN Mannen launches community piggery project in Mokokchung

A community-based piggery project aimed at boosting rural livelihoods was launched at Senden Salang in Kobulong under the Mokokchung district on Wednesday.

28.04.2026

Philippines seeks 500 million USD for engineered bamboo development

The project is currently at the concept stage, with feasibility studies expected to take five to six months and overall preparation about a year. Implementation could begin in 2027, pending loan approval.

28.04.2026

Insurance compensation of 186,000 manats paid to tobacco farmers in Azerbaijan

To date, 186,000 manats of insurance compensation have been paid to farmers and farms in the tobacco industry in Azerbaijan.