1. Have you ever heard about Agriculture insurance company (AIC). It was set up to dispense insurance protection over agriculture and allied activities. Despite having such an organization in our country, crop insurance is rarely heard. There is hardly any effort to spread the awareness about various crop insurance schemes despite having so many rural banks, agriculture institutions and rural-based economy. This article list down some recommendations to increase the awareness and strengthen the agri-insurance.
2. Our ex-finance minister had given a generous 72,000 crore farm loan waiver in the union budget. This brought lot of happiness among the farmers and will probably fetch him some extra votes in the next election. However, he forgot, or pretended to ignore a fundamental problem. After giving this waiver, what will be the incentive for the profit-motivated banks to give fresh loans to farmers. And this is what farmers are facing today - non-availability of fresh loans. This story discusses this problem in detail.
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