Profile picture
P. Sainath @PSainath_org
, 8 tweets, 2 min read Read on Twitter
Pradhan Mantri Fasal Bima Yojana - the scheme is the scam. It's not about one private corporation, but over a dozen of them benefit in crores of rupees of public money. #Thread
The scheme's design ensures the siphoning off of over giant sums of public money to private corporations and to a couple of public insurers (in line for privatisation).
In the past three years over Rs. 66,000 crores of state govt. money and central govt money (i.e. public money) have been poured into the PMFBY's operations. (Apart from the premiums paid up by farmers)
'Compensation' payouts for devastated crop have been a joke. Most of that has come out of the paid premiums, is a fraction of the losses incurred, and leaves over huge sums of public money in the hands of private corporations
At the end of the #Rafael deal you at least, presumably, get an aircraft. At the end of the PM's crop insurance scheme you get hot air.
Those dissatisfied with their 'compensation' (ranging from Rs. 40 - 560 for loss of Soybean crop in PArbahani district) have nowhere to go. There is no dispute redressal mechanism.
Note that the CAG report. No., 7 of 2017 also has several unpleasant observations to make about the PMFBY. Including its lack of a dispute redressal mechanism. It also observes a decline in the number of farmers opting for the scheme. #pmscropinsurancescheme
Please watch a detailed explanation of this on @PARInetwork ruralindiaonline.org/articles/a-bum…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to P. Sainath
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!