Ashish Kumar Bhutani appointed CEO of PM crop insurance scheme
Senior bureaucrat Ashish Kumar Bhutani has been appointed Chief Executive Officer (CEO) of Pradhan Mantri Fasal Bima Yojana (PMFBY).
Bhutani, a 1992 batch IAS officer of Assam-Meghalaya cadre, has been appointed to the post till May 9, 2020
Currently he serves as Joint Secretary, Ministry of Agriculture.
Pradhan Mantri Fasal Bima Yojana (PMFBY):
The government of India in April 2016, launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) after scraping down the earlier insurance schemes viz. Modified National Agricultural Insurance Scheme (MNAIS), Weather-based Crop Insurance scheme and the National Agriculture Insurance Scheme (NAIS). Now the only flagship scheme for agriculture is PMFBY
Objectives of PMFBY:
- To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.
- To stabilise the income of farmers to ensure their continuance in farming.
- To encourage farmers to adopt innovative and modern agricultural practices.
- To ensure flow of credit to the agriculture sector.