5-member panel to study documents, seek support from Centre
BY: Ibni Maqbool
Srinagar: With Pradhan Mantri Fasal Bima Yojna (PMFBY) being a non-starter in Jammu & Kashmir, the government has constituted a committee to look into the reasons why insurance companies are not participating in the scheme in Union Territory.
To begin with, the department of Agriculture Production and Farmers Welfare has constituted a five-member committee to find out the reasons for non-participation of insurance companies in the tendering process of PMFBY in UT of J&K.
“Sanction is hereby accorded to the constitution of a committee to study the tender documents of Pradhan Mantri Fasal Bima Yojana (PMFBY) of J&K and other neighboring states and compare the same with regard to cost of production etc.,” reads an order, a copy of which is in possession of The Precious Kashmir.
The committee headed by Director Finance, Agriculture Production and Farmers Welfare department, will discuss the issue and seek support from the Ministry of Agriculture, Government of India for providing support for participation of insurance companies in the bidding process in J&K.
It is worthwhile to mention that the Union Agriculture Secretary has already assured the Jammu and Kashmir government of providing it assistance for participation of insurance companies in PMFBY.
The committee, which also comprises Director Agriculture Kashmir and Director Agriculture Jammu, to submit its report by January 29 to the Government.
The Pradhan Mantri Fasal Bima Yojna (PMFBY) has been a non-starter in Jammu and Kashmir. It has been implemented only in four out of 20 districts of Jammu & Kashmir.
Launched on February 18, 2016, The Pradhan Mantri Fasal Bima Yojana provides a comprehensive insurance cover against failure of the crop.
It was formulated in line with one nation–one scheme theme by replacing earlier two schemes National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS) by incorporating their best features and removing their inherent drawbacks.
