News From Press Centre ask states to set up own insurance cos for PMFBY

Centre ask states to set up own insurance cos for PMFBY

Source: TOI Jul 20, 2017

The Centre tonight said it has asked state governments to set up their own insurance companies for better implementation of the crop insurance scheme and warned the existing insurers of strict action in case of irregularities.

Replying to a short duration debate on 'agrarian crisis' in the Lok Sabha, Agriculture Minister Radha Mohan Singh said there are "implementation issues" in the government's flagship Pradhan Mantri Fasal Bima Yojna (PMFBY) launched in 2016.

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