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People's Archive of Rural India Profile picture
@PARInetwork
Oct 13, 2019 • 4 tweets • 5 min read • Read on X
The #PradhanMantriFasalBimaYojana is a govt-sponsored crop insurance scheme meant to provide #insurance coverage to farmers in the event of crop failure due to natural calamities, pests & diseases. Read about the deeply flawed nature of this #policy & it's actual beneficiaries👇 Image
An #RTI inquiry reveals #insurance companies are the main benefeciaries of these schemes. Without making any financial #investment,these companies have raked in a massive profit of Rs.15,795 crore in the 2 yrs since the implementation of #PMFBY. #disastercapitalism @NaomiAKlein
While the farmers’ wait for increase in #income continues, the profit of #insurance firms increased by 1.5x in just 1yr of the introduction of the PMFBY. While #profits of these companies are skyrocketting, the no. of insured #farmers is rapidly declining. bit.ly/2IM0XsR
Permitting a huge hidden transfer of #public money to private insurers during times of serious farmer distress,@PSainath_org explains why the PM Fasal Bima Yojana will be a bigger #scam than the #Rafale deal in terms of free handouts to #corporations. bit.ly/2VBO9L7 Image

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More from @PARInetwork

People's Archive of Rural India Profile picture
Jun 22, 2024
‘Who knew the lack of rain could kill my art?’ (a thread) Image
Three decades ago, no one wanted to teach a young Sanjay Kamble how to work with bamboo.

Today, when he wants to teach everyone his dying craft, no one wants to learn.

“It’s ironic how times have changed,” the 50-year-old says. Image
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“My lungs feel like stone. I can barely walk,” says Manik Sardar. Image
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“I reach here by 8:45 a.m. and we start work by nine. By the time I am home, it is 7-7:30 in the evening,” says Madan Pal. ‘Here,’ is the tiny carrom board factory in Suraj Kund Sports Colony in Meerut city, Uttar Pradesh. Image
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People's Archive of Rural India Profile picture
Apr 25, 2024
Lenindhasan, or Lenin– as he is called – and his friends, are trying to replace modern rice varieties and resist mono-cropping. Their plan is to restore lost diversity. And to germinate a rice revolution.

It's a different kind of revolution, led by another kind of Lenin. Image
Lenin cultivates 30 varieties of rice. He sells another 15 raised by fellow farmers. And he conserves 80 types of paddy seeds. All this, in his family’s six-acre farm in Tamil Nadu’s Tiruvanamalai district. Image
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Before he became a farmer, Lenin was a corporate employee in Chennai, with two degrees and a good salary. Image
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People's Archive of Rural India Profile picture
Apr 19, 2024
Life has only become harder in the last 10 years (A thread) Image
India's poorest homes continue to rely on minor forest produce like mahua and tendu leaves, along with the assured Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) programme. Image
As they prepare for voting today in the General Elections 2024, Adivasi villagers here in Arattondi village say their lives have only become harder in the last 10 years... Image
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