Modi’s Grand Insurance Scheme Prioritises Profit Over Farm Losses
As 2020 began, Haryana cotton farmer Ramandeep sensed it would be harsher than the previous years: the winter rains were scanty, withering his crop of mustard and wheat. In February that year, Ramandeep—a short, sturdy and self assured 34-year-old—allowed the automatic renewal of his farm-insurance policy under the Pradhan Mantri Fasal Bima Yojana (PMFBY), the Prime Minister’s Crop Insurance Scheme….
For the kharif or autumn crop of 2019, around 100 farmers in the southern district of Solan received less than Rs 200 per acre as compensation….
“I am a reporter so I am aware how this scheme functions,” said Ramandeep. “However, many farmers don’t even know, and those who want to know are not told. Ignorance aids profits.”…