Multiple gaps in implementing flagship crop insurance scheme
HT Media Ltd | January 09, 2019
Instead of appreciation, the Modi government’s flagship schemes for crop insurance, the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme have attracted criticism even though the PMFBY is substantially superior to crop insurance schemes under previous governments. There are five major stakeholders in crop insurance. They are farmers, banks, central and state governments, and insurance and reinsurance companies.