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

06.06.2016 386 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/
19.03.2026

USA - Long-Term Farm Borrowing Costs Likely Stay Elevated, Increasing Reliance on Insurance and Subsidy Programs

Farm CPA Paul Neiffer explains the updates to crop insurance subsidies, additional benefits for new farmers, and eligibility considerations for those entering the program.

19.03.2026

India - 48 CSC operators under lens: 27,416 bogus crop insurance claims without crop; 5 FIRs filed in Jalgaon

At least 27,416 crop insurance claims for banana cultivation were found to have been filed on land where no crop existed in Jalgaon district, which is known for banana cultivation.

19.03.2026

USA - Bear, Deer Crop Damage Impacting Farmers in Southside Va.

Deer grazing in crop fields and bears wallowing in rows of corn are creating costly headaches for farmers across Southside Virginia.

19.03.2026

Spain - 15 tonnes of dead shellfish: How Galicia’s 80% crop loss hits seafood prices

Spain has officially removed over 15 tonnes of dead shellfish from the coast of Galicia following a catastrophic 80% die-off that is set to trigger a sharp rise in seafood prices. 

19.03.2026

USA - Idalou farm battles early crop losses as volatile weather threatens the season

The growing season hasn’t officially started, but Idalou Harvest is already counting losses.

19.03.2026

India - Government Pushes Crop Diversification, MSP Procurement and Faster Insurance to Strengthen Farmers’ Incomes

India’s Union Minister for Agriculture and Farmers’ Welfare and Rural Development, Shivraj Singh Chouhan, has outlined a series of policy measures aimed at strengthening farmers’ incomes and risk protection, including crop diversification, record procurement at Minimum Support Price (MSP), reforms in crop insurance, and stricter monitoring of agricultural schemes.

18.03.2026

Nepal - Farmers at a loss for lack of insurance for banana plantation

Farmers in Rautahat are suffering losses due to the lack of insurance for banana cultivation. Farmers here have been affected by natural disasters because there is no insurance for banana farming in various local units of the district.

18.03.2026

CARICOM Chair emphasizes agriculture’s leadership role at launch of regional agricultural insurance in St Kitts and Nevis

On Tuesday, March 17, The Hon. Dr. Terrance Drew, Chair of CARICOM and Prime Minister of St. Kitts and Nevis, emphasized the critical role of agriculture in achieving food security and fostering sustainable development.