Fasal Bima Yojana designed to learn corporates, says Sainath

Fasal Bima Yojana designed to learn corporates, says Sainath

Tribune Information Service

Chandigarh, November 16

Reacting to the state authorities’s choice to affix Pradhan Mantri Fasal Bima Yojana (PMFBY), eminent journalist and rural affairs knowledgeable P Sainath says expertise of the previous 5 years reveal that it has been designed to learn the corporates.

He was in Chandigarh to talk at a seminar on “Way forward for Media”, which was organised by the Punjab and Chandigarh Journalists’ Union. Governor Banwarilal Purohit was the chief visitor within the operate organised to mark the Nationwide Press Day.

Sainath mentioned The Tribune did a narrative in 2018 and proved how the scheme benefited insurance coverage corporations. He mentioned within the first 24 months, 18 insurance coverage corporations made a revenue of Rs 15,975 crore. “The 18 companies included 5 public sector corporations, which got the worst areas, the place you don’t have any probability to make revenue,” he mentioned.

They just about created “jagirs”, the place the contract for the complete state or district would go to 1 firm, claimed Sainath, including that although the contracts had been awarded by tenders, it’s pre-decided who would seize the deal. He mentioned corporations cost premium on the premise of a person farmer, however in the case of giving compensation, they deal with tehsil or district as a unit.

Punjab’s argument for opting out of this scheme in the course of the SAD-BJP tenure in 2016 was excessive premium and the best way whole village was thought-about the essential unit as a substitute of a person farmer. The federal government was of the view that when farmers had been already in disaster, they received’t be capable of pay excessive premium. The farmer organisations from Punjab refused to pay any premium.

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