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

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/

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