UP drive to include more farmers under PMFBY

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UP drive to include more farmers under PMFBY
UP drive to include more farmers under PMFBY

Lucknow, Nov 29 | UP drive to include more farmers under PMFBY. The Yogi Adityanath government is set to mobilise the farming community by launching a state-wide drive from December 1 to bring the maximum number of farmers under the Central crop insurance scheme — Pradhan Mantri Fasal Bima Yojana (PMFBY).

The flagship scheme entails coverage and financial support to farmers in the event of crop failure due to natural calamities, pests and diseases.

The move comes close on the heels of the start of the winter session of Parliament from Monday, when the Centre is likely to move a Bill to repeal the three farm laws.

The week-long drive will be carried out by the Uttar Pradesh government in coordination with the ministry of agriculture and farmers welfare and financial institutions, including commercial banks and regional rural banks.

This marks another attempt by the ruling BJP to assuage the feeling of farmers, who have threatened to continue the stir till their demands, including a legal guarantee for MSP and sacking of junior Home Minister Ajay Misra Teni, whose son Ashish is an accused in Lakhimpur violence, are met.

As per the agriculture department records, updated till August 31, Uttar Pradesh, in 2019-20, had a total cultivable area of more than 35.5 lakh hectares with around 47lakh farmers insured under PMFBY.

This, in effect, translated into Rs 16,743 crore insured sum. Records show Uttar Pradesh was way behind Maharashtra and Rajasthan, where 1.45 crore and 85 lakh farmers respectively, have been insured under PMFBY.

In fact, Uttar Pradesh accounted for just over 7 per cent of 6.12 crore farmers insured under the scheme nationally.

The state agriculture department has decided to carry out the campaign in 75 developmental blocks across 75 districts, where the number of insured farmers are on a lower side.

In a letter sent to district magistrates, additional chief secretary (agriculture) Devesh Chaturvedi said, emphasis should be laid on aspirational districts and districts with a substantial population of Scheduled Tribes.

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The areas where the scheme is proposed to be taken up rigorously include Sewapuri in Prime Minister Narendra Modi’s constituency of Varanasi, Campierganj block in chief minister Yogi Aditynath’s political backyard of Gorakhpur and Pathardeva assembly seat of UP agriculture minister Surya Pratap Shahi.

Special vehicles to spread awareness in different districts about the scheme will be flagged off by Shahi from Lucknow on December 1.

Source: IANS

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Weekly Fundamental Market Outlook

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This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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