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In France, a farmer dies by suicide every two days. In China, farmers are killing themselves to protest the government’s seizing of their land for urbanization. In Ireland, the number of suicides jumped following an unusually wet winter in 2012 that resulted in trouble growing hay for animal feed. In the U.K., the farmer suicide rate went up by 10 times during the outbreak of foot-and-mouth disease in 2001, when the government required farmers to slaughter their animals. And in Australia, the rate is at an all-time high following two years of droughtLack of funding, Climate Change and high input (seeds, fertilizers and pesticides) costs – all contribute to the farmer suicides the world over. Suicides that are increasing every day!Cotton has been grown in India for over 5000 years. India was the major center for cotton.The real issue started when in the bid to increase production of cotton, Indian farmers went for hybrid seeds. These seeds needed more insecticides, pesticides and fertilizers. The pink bollworm, which wasn’t such a major threat until then, suddenly became a major scourge. With the chemicals accompanying the hybrid seeds, bollworm evolved and became more resistant.That is where Monsanto entered with its bollworm-resistant Bt Cotton seeds. But this use of Bt Cotton created its own issues of a cycle of expensive components that needed proper irrigation and supplies. Monsanto pushed its way into India despite the resistance. Today 95% of Indian cotton seeds are controlled by Monsanto.Steps that need to be takenCreate an alternative Seeds research program that is government backed and reasonable in costRobust and reliable irrigation policy plus electrification of villages so water can reach smallest of farmsInsurance against Crop failure that is backed by the Government so it is reasonably priced.Easy access to funds – via bank accounts – for farmers to wean them away from local moneylendersAll these steps are important and critical if the menace of farmers suicides has to be tackled effectively. Remember, the idea is NOT to do lip-service, but to find a real, effective and permanent solution for the issues which prompt the farmers to commit suicide!Steps taken by Modi Govt.70% Cut in Monsanto’s Royalties: Modi government announced a 70% cut in the royalties that the local firms pay Monsanto for its cotton seeds. With such deep cut in its revenue – which Monsanto has been accused of jacking up due to its monopoly – Monsanto announced that it may leave the country and not sell its seeds in India anymore. To this, the Indian Minister of state for agriculture Sanjeev Kumar Balyan said that Monsanto was welcome to leave if it does not want to adhere to the lower prices (and stop indulging in price gouging) – Government says India ‘not scared’ if Monsanto leaves. This comes from the confidence of the Indian government to create its own GMO seeds for cotton to rival Monsanto’s by early next year!2 Pradhan Mantri Krishi Sinchai Yojana: This is the national mission from PM Modi’s government to improve the irrigation in the country and enable the agriculture to become resistant to the vagaries of Indian monsoon. It is important to remember that climate vagaries in just 2014-15 led to 5.3% loss in foodgrain production and 0.2% loss in agricultural growth rate.In the next 5 years, INR 50,000 crore from the central budget would be utilised for the Pradhan Mantri Krishi Sinchai Yojana. The contribution of the states will be over and above this.The main focus of PMKSY will be (i) Micro-irrigation projects (“Har Khet Ko Pani”) and (ii) end-to-end irrigation solutions.The PMKSY will also take up the irrigation projects that were started by previous government but either not implemented or poorly implemented. Actually, 1,300 watershed projects of the previous government will be completed.The scheme will also provide Rs 200 crore earmarked as Agri-Tech Infrastructure Fund (ATIF) – the corpus required to promote the National Agricultural Market (NAM) – which will give farmers easy access to the markets for sale of their produce.The scheme will be monitored by a steering committee by PM Modi and ministers of Agriculture, Water Resources and Rural Development.3 Pradhan Mantri Fasal Beema Yojna (Crop Insurance for Farmers): This is another major step that is needed to fight the issue of farmers suicide. There were crop insurance schemes earlier as well, but they fell short. Here are some of the major features of the crop insurance scheme brought about by PM Narendra Modi:The premium rate paid by the farmer will be to a maximum of 2% of the sum insured (rest being paid by the State and Central Government). Specifically, 2% of the sum insured as premium for kharif crops and 1.5% for rabi crops. In the previous scheme, the rates were as high as 4-15%!Until now, the government only provided relief. But this new scheme will provide compensation for the losses incurred by the farmer. In fact, the scheme will go beyond the usual norms of such insurance schemes and even compensate for loss of seed plants and post-harvest damage! In a bid to improve the assessment of the calamities (hailstorms, unseasonal rains, landslides and inundation). To speed up the settlement of claims, estimate losses, and assess compensation the government will use smartphones, remote-sensing data and even drones to assess crop damage!The scheme will give an immediate payment of 25% of the due compensation to the farmers directly into their bank accounts. Anyone who knows the level of corruption knows that the babus distributing the funds from Government relief pocket majority of it. That isn’t an issue thanks to the Jan Dhan yojana’s success!The previous crop insurance schemes have a 23% cover. The aim of the new scheme is to get to 50% cover.The Scheme will become applicable from the Kharif crop of 2016.4 Relief to Farmers in Input Subsidy: In 2015, PM Narendra Modi announced that farmers will now be eligible for input subsidy if 33 per cent of their crop has been damaged, as opposed to 50 percent or more, which was the norm till now.Further, the input subsidy given to distressed farmers will be enhanced by 50 per cent of the existing amounts. PM said that “This is a major departure from the incremental changes in input subsidy that have been made hitherto”.5 Soil Health Card: Under this scheme launched by PM Modi in 2015, government issues soil cards to farmers which carry crop-wise recommendations of nutrients and fertilizers required for the individual farms to help farmers to improve productivity through proper use of inputs. The soil testing labs across the country will test the soil samples and give the results which will be added to a farmer’s Soil Health Card. You can check the progress of the scheme from its site by downloading the excel sheet with the latest information. A total of 14,752,382 (147.5 crore) SHCs have been issues in the country by 29th March 2016!Sangh is also doing its bitWhile the Modi government is working through the governmental framework, policies and machinery to set right the things that have until now contributed to the enormous numbers of farmer suicides, the farmer union associated with the RSS is also doing its bit to take the fight to corporate seed monopolies like Monsanto. In an interesting article titled – How Monsanto found an able adversary in the Sangh parivaar – Economic Times details out how the Bharatiya Kisan Sangh is fighting the agricultural Goliath Monsanto!The compete answer had been taken from an article at DrishtikoneThis is not my area of expertise, but after reading your question i searched online & found this article as very informative so thought of sharing it in part.

Hello there!In April, 2016, the Government of India had launched Pradhan Mantri Fasal Bima Yojana(PMFBY) after rolling back the earlier insurance schemes viz. National Agriculture Insurance Scheme (NAIS), Weather-based Crop Insurance scheme and Modified National Agricultural Insurance Scheme (MNAIS). Thus, at present, PMFBY is the flagship scheme of the government for agricultural insurance in India.Key Features:·Covers Localized Risks and Post-Harvest Losses.·Use of advanced technology for faster, hassle-free claims.·For more details, visit: https://www.bajajallianz.com/pradhan-mantri-fasal-bima-yojana.htmlFor enrolling under Crop Insurance (PMFBY) you have below two options:1)If you have taken a crop loan, you will automatically be covered under this scheme. Please visit your nearest bank branch for details.2)You can also visit you nearest CSC centre, log on to Pradhan Mantri Fasal Bima Yojana - Crop Insurance or download Farmitra-Caringly Yours app and check crop insurance section.Hope this answers your query.

Atal Pension Yojana was launched by Prime Minister of India Sh. Narendra Modi on May 09, 2015. This scheme was launched along with 2 other insurance schemes i.e. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Atal Pension Yojana is a social security scheme. There are lot of articles on Atal Pension Yojana in the internet and I have compiled the information from all these sites and presented it in an easy way. From this you will get a clear idea on what it is.Why Atal Pension Yojana was introducedI do my MBA right now and I have met lot of students. A large number of them are behind Government Job’s. Even one of the senior HR’s in a reputed IT company, which once interviewed me also resigned from there when he got a government job even though if the salary was less compared to his present job. What matters a lot for them is the job security and obviously the attractive pension scheme and privileges which they get after retirementThere was a time when getting a government job was easy as there was no demand for service jobs. But now at present the demand is too high. Even people with phD’s try for government jobs.People who work in the private sector or employed in occupations that do not give them the benefit of pension can apply for the scheme. They can opt for a fixed pension of INR 1,000 or 2,000 or 3,000 or 4,000 or 5,000 on attaining the age of 60. The amount of contribution and the individual’s age will determine the pension. Upon the contributor’s death, the spouse of the contributor can claim the pension and after the spouse’s death the nominee will be returned the corpus accrued.In short, the future job boom will be for people in unorganized which includes semi skilled people. Not many people will be willing to take a job in the unorganized sector until unless there are Financial Benefits & Social Security attached to it. So this scheme is introduced for them.Summary of Atal Pension Yojana1. A Pension Scheme for unorganized sector workers.2. Min and Max age of entry under Atal Pension Yojana is 18 years and 40 years.3. Pension will start at the age of 60 years.4. Premature withdrawal is allowed only in case of a death of a beneficiary or terminal disease.5. Depending on the contribution of a beneficiary, under Atal Pension Yojana there is a guaranteed pension of Rs 1,000 to Rs 5,000 per month in the multiples of 1000’s.6. Monthly contribution to Atal Pension Yojana is allowed7. In case of discontinuation of payment:After 6 months, account will be frozenAfter 1 years, account will be deactivatedAfter 2 years, account will be closed8. The beneficiary should not be covered under statutory social security scheme of Govt of India.9. The subscriber can opt for nomination facility.10. Govt will contribute 50% of the total contribution or Rs 1000 per annum, whichever is lower to Atal Pension Yojana Accounts opened on or before 31st Dec, 2015. This contribution will be for 5 years from 2015-16 to 2019-20. The beneficiary should not be an income tax payer to avail Government co-contribution.11. Registered beneficiaries of Swavalamban Yojana aged between 18 – 40 will be automatically migrated to Atal Pension Yojana with an option to exit.12. An individual can open only 1 account under Atal Pension Yojana.3. Official website of Atal Pension Yojana scheme ishttp://www.jansuraksha.gov.in/14. You can call on following toll-free no’s to get scheme detailsNational Toll-Free – 1800-180-1111 / 1800-110-001To know helpline no of your state, Click Here15. The forms of Atal Pension Yojana are available in 9 languages. To download the form, Click Here. Sample English form is as follows.16. To open an account under Atal Pension Yojana, contact your bank and provide APY application form, Aadhaar number and mobile no.17. If you don’t have a bank account then open the new bank account by submitting KYC documents, Mobile no and Aadhaar number along with application form of Atal Pension Yojana. You cannot opt for this scheme without bank account details.18. You also need to provide authorization letter to set up auto debit facility and Spouse / Nominee details. The only mode of contribution to this scheme is through the auto debit facility from the bank account. Cash / Cheque / DD / Online Payment or any other mode of payment is not available as of now.19. There is no tax deduction available on the contribution towards Atal Pension Yojana. Pension received will be taxable as an income from salary.20. If you are an existing EPF account holder then you cannot opt for co-contribution from Govt’s end.21. Aadhaar number is not mandatory to open an account under Atal Pension Yojana though it is desirable that it should be provided.22. The beneficiary will receive SMS alerts related to account details/activity. He / She will also receive a physical statement at regular intervals.23. On death of a beneficiary before attaining 60 years of age, the nominee will receive monthly pension and will also receive lump-sum amount depending on the pension amountMonthly Pension of Rs 1000: 1.70 lakhMonthly Pension of Rs 2000: 3.40 lakhMonthly Pension of Rs 3000: 5.10 lakhMonthly Pension of Rs 4000: 6.80 lakhMonthly Pension of Rs 5000: 8.50 lakh24. The monthly contribution can be changed once in a year for higher / lower pension amount.25. There is no fixed due date for auto debit of the monthly contribution. Bank can recover the contribution any day during the month as and when the funds are available.Few Concerns1. Any social security scheme in India is prone to misuse. Though the government is creating a centralized database of all the beneficiaries under Atal Pension Yojana. If the misuse of this scheme is not controlled then it might be a nightmare to control the pension outflow or settle insurance claims. Best examples of misuses are MGNREGA or leakage of LPG subsidy (Which is fixed to a large extent). The probability of misuse is high as there is a lump sum payment on the death of a beneficiary & pension. Therefore, a person may enroll for all 3 new launched social security schemes to avail the benefits.2. Inflation: Though a pension of Rs 5000 may sound decent today, but the scheme has not considered inflation adjustment. A pension of Rs 5000 after 20 years might not be sufficient to survive for few days due to inflationary pressures. An inbuilt mechanism should be there to adjust the contribution and pension amount to account impact of inflation.3. Legal Disputes: As i observed that in most of the cases there is a dispute at the time of insurance claim settlement. As per the rule, the nominee is only the custodian of the insurance amount received. The amount is passed on to the either legal heirs of the deceased as per Succession Act or as per the WILL of the deceased. It may be an operational nightmare for banks to handle such cases under Atal Pension Yojana.4. Rich Non-Tax Payers: Though scheme is for non-tax payers but what about non-tax payers like rich farmers or a rich businessman involved in small business activities. It will be sort of double bonanza for them. At a macro level, salaried class taxpayers are excluded from the Atal Pension Yojana.Have done lot of Research on this. Feel free to ask if you have any queries.Sourcehttp://sanoobsidiq.com/blog/social-security-scheme-atal-pension-yojana