Haryana’s PMFBY: Farmers Cry Foul as Payouts Plummet
Haryana witnessed a sharp decline in Pradhan Mantri Fasal Bima Yojana (PMFBY) payouts during 2023-24, triggering widespread discontent among farmers. The drastic reduction has ignited a fierce debate, pitting the state government against protesting agricultural communities.
The Union Agriculture Ministry attributes the decrease to a revised methodology employing area-based yield assessments. They claim this reflects a more accurate calculation of actual crop losses. New technological tools and updated guidelines are cited as contributing factors.
However, the opposition vehemently contests this explanation. Accusations fly that the scheme disproportionately benefits insurance companies at the expense of the farmers, who are already grappling with economic hardship. They demand a thorough investigation into the matter.
The controversy underscores the urgent need for transparency and accountability within the PMFBY framework. With the monsoon season approaching, the issue’s timely resolution is crucial for ensuring fair compensation for farmers and maintaining agricultural stability in Haryana.
