PM Modi Wants 50% Farmers To Join Crop Insurance Scheme In Two Years

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4:10 pm 1 Feb, 2016

Prime Minister Narendra Modi said that at least 50 per cent of farmers in the country should join crop insurance scheme within two years.

Modi, in this year’s first edition of monthly radio programme ‘Mann Ki Baat’, said:

“In our country, a lot is said in the name of farmers. I don’t want to get involved in that debate. But farmers face a major crisis. In natural calamity, their entire effort goes waste. His one year goes waste. To give him security, only one thing comes to mind and that is crop insurance.”

The Prime Minister Crop Insurance Scheme, which will be implemented from forthcoming Kharif season, allows farmers to insure their crops — foodgrains, oilseeds and pulses — at a minimum premium rate.

Premium rate is the amount paid as an installment payment for an insurance policy.



The new scheme brings down the premium paid by farmers at a maximum of 2 per cent for foodgrains and oilseeds, and a maximum of 5 per cent for horticulture and annual commercial crops. The rest will be paid by the state and the central government, equally.

It also cover post-harvest losses due to natural calamity and gives full insurance cover.

“Not only this. If something happens to the crop within 15 days after harvest, even then the help is assured,” PM Modi said.


A farmer walking through field Economictimes

A farmer walking through field

PM Modi said he need “maximum help” from people to spread the awareness about the crop insurance scheme.

He added:

“Can we take a pledge that we should connect at least 50 per cent of the farmers to this scheme in two years? I need this help from you. Because if a farmer joins the scheme, he will get huge help during a natural calamity,”




PM Modi emphasised that the scheme was not brought so that the prime minister should be hailed but to help farmers.

He added, “For so many years, there has been a talk regarding crop insurance but not more than 20-25 per cent of the country’s farmers had been able to benefit from such schemes.”

But this time, he said that the scheme has got wide acceptability because it is quite extensive and easy and involves use of technology.


Under the scheme, the premium rate is very low zeenews

Under the scheme, the premium rate is very low

To ensure that speedy assessment and disbursement of compensation, technology have been used.  “Now tell me, if any farmer is deprived of the benefits of this scheme, will he not suffer loss? I want the awareness about this scheme to spread,” he said.

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