December 2016 Current Affairs

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FM Arun Jaitley launches Pradhan Mantri Fasal Bima Yojana

FM Arun Jaitley launches Pradhan Mantri Fasal Bima Yojana
23 March 2016 Current Affairs: Union finance minister Arun Jaitley on March 22,2016 launched the Pradhan Mantri Fasal Bima Yojana and Unified Package Insurance Scheme in Mumbai. The revamped schemes would help farmers insure their crops against natural calamities in an efficient way because insurance companies will reverse bid for higher sum insured and lower premium. Uttarakhand became the first state to adopt this scheme as insurance companies bid for a 2% premium. Both schemes would target crop insurance as well as accidental insurance for farmers, insurance for tractors as well as farm equipments. With the country having suffered two back to back poor monsoons the FM launched this programme saying that its success should remove the blot on the government that it has done nothing to protect the livelihood of the farmers.This scheme would enable the farmer to pay less and in the event of crop failure will allow him to get paid more. This scheme will give volumes hence would require lesser amount as premium from farmers," said Jaitley. Launching the scheme the minister said that with 50% of the farmers being targetted for coverage under the scheme. He also added that these schemes are a part of the government's efforts to convert India into an insured and pensioned society


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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