Question : Proposal to Revamp of PMFBY and RWCIS

(a) whether the Government proposes to revamp the Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme to address the existing challenges being faced in implementation of crop insurance scheme;

(b) if so, the details thereof;

(c) whether the Union Government has invited suggestions from various stakeholders before finalisation of the changes in these schemes;

(d) if so, the details of suggestions received by the Union Government from such stakeholders; and

(e) the extent to which such suggestions have been incorporated in these schemes?

MINISTER OF AGRICULTURE AND FARMERS WELFARE

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(a) to (e): The Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) are regularly reviewed especially the challenges faced by the stakeholders in its implementation since their inception in Kharif 2016 season. Accordingly, this Department had made detailed consultations with all stakeholders viz. State Governments, farmer organizations, insurance companies, reinsurance companies, financial institutions, concerned organizations, and Central Government Departments at various forums to identify the challenges and finalise the possible solutions/remedial measures etc. Based on their suggestions and recommendations changes have recently been incorporated in the provisions/ parameters of ongoing PMFBY/RWBCIS for its implementation from Kharif 2020. Details of the challenges identified and provisions incorporated in the revamped schemes are at Annexure.