— Insurance companies are reaping crores of profits, farmers are yearning for compensation in PM Fasal Bima Yojana : Hooda
Punjab Media Team
Chandigarh, July 25l
Former Chief Minister and Leader of Opposition Bhupinder Singh Hooda has said that the PM Fasal Bima Yojana is a means to benefit insurance companies instead of farmers. The scheme, he said, is making farmers poor, while the companies are getting rich.
Reacting to notice sent to the Center by the Punjab-Haryana High Court regarding the scheme, Hooda said the facts revealed by the petitioners, who went to the court against this scheme, are shocking. Insurance companies in Haryana collected Rs 253 crore as premium, while only Rs 20 crore was given to the farmers as compensation. In the amount given to the companies, 123.55 crores were deducted from the farmers’ account, while Rs 83.54 crore was paid by the state government and Rs 45.26 crore by the central government.
“If we look at the given figures, the insurance companies gave only 8% of the amount as compensation to the farmers as compared to the amount received as premium. Even before this, it has been revealed through RTI that this scheme is only benefiting the companies. Through this scheme, in the first 5 years itself, the insurance companies across the country earned a profit of Rs Rs 40,000 crores, while the farmers across the country kept yearning for compensation. This is the reason why this scheme was discontinued in many states, even those ruled by the BJP,” he said.
Hooda said that the insurance scheme was discussed in detail in the national conventions of Congress held in Udaipur and Raipur. As the head of the agriculture committee formed for this, Hooda had presented a detailed description of the insurance scheme in his draft.
Congress will implement beneficial insurance scheme for farmers after forming government: Hooda
Many important changes were recommended in the draft regarding the insurance scheme. For example, instead of private companies, the committee had suggested that insurance should be carried out by cooperative sector companies, which work on the principle of ‘no profit, no loss’. (PM Fasal Bima Yojana)
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The premium for insurance should be fully paid by the government. Every farmer, who has taken insurance, should get compensation in case of damage to his crop. Along with farmers, agricultural farmers and laborers should also get its benefits. The rules for awarding compensation should be very simple and clear. In this, each farmer and each acre should be considered as a unit. While in the existing insurance scheme, the entire village or the entire area is considered as a unit, the resolution had stated.
Hooda said that the insurance scheme would be reworked to safeguard the interests of the farmers, instead of companies.
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