copenlu/druid huggingface dataset:
Claim: Rs. 2000 crore for agri-market infrastructure fund set up. (Govt. of India, 2018-05-26)
Evidence (2018-12-31): In order to achieve this, the budgetary allocation to the agriculture sector has been raised by 74% and the SDRF allocation has been almost doubled. Corpus funds have been created like Rs 5000 crore micro irrigation fund, Rs 10,081 crore for Dairy Processing and Infrastructure Development Fund, Rs 7550 Fisheries and Aquaculture Infrastructure Development Fund (FIDF), Rs 2,450 crore for development of animal husbandry infrastructure and Rs 2,000 crore for the development of Rural Agricultural Market Infrastructure. [...] In the last 4 years, agricultural credit flow has increased by 57% to Rs 11 lakh crore and interest subsidy has also been increased by one and half times to Rs 15,000 crore. To increase the income of the farmers, 546 FPO has been constituted by the SFAC besides State Governments and FPOs of NABARD during the tenure of Modi Government. For landless farmers, the Joint Liability Group has been increased from 6.72 lakh to 27.49 lakh. [...] For agricultural processing, tomato, onion and potato clusters will be set up under the TOP scheme. New agri start ups and agri entrepreneurs are being encouraged. Necessary steps are being taken for creation of infrastructure of 22,000 rural haats. Setting up of cold chains and warehouses will be expedited. Focus on price and demand forecasting will enable farmers to choose which crop to sow in order to maximize benefit. I am confident that with these efforts, the government will be successful in doubling the income of farmers by 2022.
Claim: Rs. 2000 crore for agri-market infrastructure fund set up. (Govt. of India, 2018-05-26)
Evidence (2018-02-01): "The budget has been prepared with proper care," he said while pointing out the scheme to convert 22,000 Rural Haats into Gramin Agricultural Markets (GrAMs) and government's plan to strengthen physical infrastructure using MGNREGA and other Government schemes. These GrAMs will be exempted from regulations of Agriculture Product Marketing Committees (APMC) and will provide farmers facility to make a direct sale to consumers and bulk purchasers. An Agri-Market Infrastructure Fund which would be set up with a corpus of Rs 2000 crore for developing and upgrading agricultural marketing infrastructure in the 22,000 Grameen Agricultural Markets (GrAMs) is a welcome one, he added. [...] The farmers' leader, however, welcomed Rs 10,000 crore corpus for Fisheries and Aquaculture Infrastructure Development Fund (FAIDF) and an Animal Husbandry Infrastructure Development Fund (AHIDF).
Claim: Rs. 2000 crore for agri-market infrastructure fund set up. (Govt. of India, 2018-05-26)
Evidence (2024-10-09): The Committee on Doubling Farmers’ Income (2017) recommended that the central and state governments should provide interest subsidy on long-term or investment credit taken by farmers, particularly small and marginal farmers.[35] In May 2020, under the Aatmanirbhar Bharat Economic Package, the central government announced the setting up of an Agriculture Infrastructure Fund (AIF) of one lakh crore rupees for financing farm-gate infrastructure.[36] Under the AIF, the government provides an interest subsidy of 3% on loans of up to two crore rupees issued under the Fund. This subvention will be available for a maximum period of seven years.[37] In case of loans beyond two crore, the interest subvention will be limited up to two crore.37 AIF has been allocated Rs 500 crore in 2022-23, which is a 150% increase from the revised estimates of 2021-22 (Rs 200 crore). [...] The central government has proposed development of basic infrastructure in Gramin Haats through the MGNREGS and of marketing infrastructure through the Agri-Market Infrastructure Fund.[73] The Fund will be set up by NABARD to provide Rs 1,000 crore to states at a concessional interest rate for development of marketing infrastructure in Gramin Haats. [...] [36] "Setting up of Agriculture Infrastructure Fund", Press Information Bureau, Ministry of Agriculture and Farmers’ Welfare, September 18, 2020.
Claim: Rs. 2000 crore for agri-market infrastructure fund set up. (Govt. of India, 2018-05-26)
Evidence (2021-03-06): To give a further thrust to agricultural marketing, in the Union Budget 2018–19, the government declared its intention to develop and upgrade rural haats/shandies into GRAMs, discussed next. [...] To strengthen marketing infrastructure, the GOI, with NABARD, created an Agricultural Market Infrastructure Fund (AMIF) with corpus of Rs. 2000 crore to upgrade 10,000 GRAMs and 585 APMCs. As for March 2019, the AMIF fund is still to play out and most states have not even identified potential rural haats to be developed into GRAMs (Source: Agricoop). [...] The government approved the setting up of the National Agriculture Market (NAM) through the Agri-Tech Infrastructure Fund (ATIF) on 1 July 2015, with a budget of Rs. 200 crore. The project was to be implemented in the period 2015–18. PM Modi launched e-NAM on 14 April 2016, in eight states—Gujarat, Telangana, Rajasthan, Madhya Pradesh, Uttar Pradesh, Haryana, Himachal Pradesh and Jharkhand, covering 21 markets. The aim was to achieve higher transparency in the farming sector, increase farmers’ income and provide them access to a larger number of buyers from within and outside the state.
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2018-05-26): The government has published an infographic that makes certain claims about financial inclusion and insurance. Here is a fact check of these claims.
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2020-09-29): Several trends show promise for the life insurance industry in the next decade. Customer demand is at an all-time high. Indeed, the COVID-19 pandemic has only reemphasized the need for mortality protection. Public pension replacement rates are declining and healthcare expenditures are rising—trends also accelerated by the COVID-19 crisis. Economic and demographic trends will also offer tailwinds. The global middle class is rapidly expanding, bringing higher incomes, growing financial wealth, and heightened risks to manage. By 2030, all baby boomers will be age 65 or older,1 and many are expected to outlive their retirement savings.2
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2021-12-30): People now have a much better understanding of the need for financial protection against life’s uncertainties. Thus, despite two Covid-19 waves, premium growth for life insurers remains on a strong trajectory. Number of policies for all insurers has also grown by a robust 10% in FY22 till date. Private life insurers reported robust growth of 34% and 28% YoY in November in terms of total annualised premium equivalent (APE) and individual APE, respectively, shows data by ICICI Securities. On sequential basis, total APE and individual APE grew at 14.5% and 6.8%, respectively. The claims have bloated too. Latest data from Insurance Regulatory and Development Authority of India (IRDAI) shows the death claims rose by 41% in FY21 to ₹41,958 crore. Whereas, earlier in FY20, the death claims rose by 11% to ₹29,793 crore. The death claims further rose drastically by five to ten times earlier this year in April amid deaths during the second Covid-19 wave, before cooling off as the pandemic situation came under control during the second half of the year. However, industry experts still see a multifold rise in claims ahead.
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2024-09-13): The number of people with life insurance varies greatly across different racial, ethnic and generational groups. The primary reasons why these groups buy life insurance differ. [...] - Life insurance policies cover death from accidents (including car accidents), death from illnesses (including Covid-19, heart attack or disease, death from old age, death from accidental drug overdoses, homicides and death in another country. [ ]
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2021-11-25): The non-decreasing penetration rate against a background of sustained economic growth implies that gross premiums written have been growing steadily over recent decades, except for the period of the GFC. This growth has been recorded for most of the insurance subsegments, while the volatility of the growth rate has varied significantly across both segments and countries. This is apparent from the width of the grey areas in Fig. 1. The differences between countries in growth rates, levels, and importance of the individual insurance subsegments (Fig. 3) are caused by various factors. These include the level of development of financial markets, the existence of public insurance schemes, the overall wealth and income situation of economic agents, and the natural need to be insured against specific risks. The heterogeneity in life insurance and its penetration is significantly affected by different shares of guaranteed and unit-linked products in life insurance across countries, which has also affected the growth of life insurance in the low-yield environment. Motor, property, and accident insurance account for over 60% of business in the non-life market in all European countries (and more than 80% in most cases).
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2018-10-31): The next claim is that social security has been made a nationwide phenomenon with Jan Suraksha. It also claims that more than 19 crore people have been insured against life and accident risk or ensured pension. As per an answer provided by the government in Lok Sabha, "Three social security schemes were launched in May 2015 pertaining to the Insurance and Pension Sectors namely Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and the Atal Pension Yojana (APY) in a move towards creating a universal social security system, targeted especially for the poor and the underprivileged. The schemes provide essential and affordable social protection to all citizens in a convenient manner linked to auto-debit facility from bank accounts. These schemes address the issue of low coverage of life or accident insurance and old age income security in the country." [...] Fact: 5.3 crore people under PMJJBY, 13.5 crore under PMSBY and 1.08 crore people under APY have been covered. Hence, the claim is TRUE.
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2024-01-01): Generally, it is recommended to get one in your younger years since you will get lower premium rates. However, term plans are not restricted to people in their 20s. You can buy a 2 Crore term insurance plan at any life stage! [...] You can buy a 2 crore term insurance policy from any IRDAI-approved life insurance provider. This can be online or in person, depending on the insurer. We recommend going for online insurers like us to save on time and paperwork. [...] Individuals who do not pass the eligibility criteria will not be able to buy 2 Crore term insurance. For example, these can be people under 18 years or over 65 years. Moreover, while insurers cannot reject life insurance applications, they are allowed to reject applications on grounds of fraud or malpractice.
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2024-09-13): * As per the Insurance Regulatory and Development Authority of India (IRDAI), India will be the sixth-largest insurance market within a decade, leapfrogging Germany, Canada, Italy and South Korea. *India's life insurance sector showed strong growth in the first quarter of FY25, with first-year premiums surging by 22.91% YoY to Rs. 89,726.7 crore (US$ 10.75 billion), up from Rs. 73,004.87 crore (US$ 8.75 billion) in the first quarter of FY24. [...] *Over the past nine years, the insurance sector has attracted significant foreign direct investment (FDI) amounting to nearly Rs. 54,000 crore (US$ 6.5 billion), driven by the government's progressive relaxation of overseas capital flow regulations.
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2011-04-21): India has no population-wide mechanisms of social security. Given this scenario, Indians have to work as long as possible in order to support themselves (Mathew and Rajan, 2008). Employer insurance and pension schemes are available only to as low as 9% of rural males and 41.9% of urban males who are in the formal sector; among females, the figures are lower still (3.9% rural, 38.5% urban) (Rajan and Aiyar, 2008). The rest of the workforce comprises casual and self-employed workers who are not entitled to formal retirement benefits and, in order to afford healthcare in their early years, face the paradoxical challenges of remaining both healthy and employed in old age. Those in the formal sector may experience a halving of their incomes, which, in the face of rising inflation, leaves smaller proportions of income that may be allocated to health (Mathew and Rajan, 2008). As a result, a considerable proportion of the elderly are employed. An analysis of the Worker Population Ratios (WPRs) depicts that 56.79% of elderly males and 16.32% of elderly females were engaged in employment (proportions are higher in rural areas) (Mathew and Rajan, 2008).
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2024-02-20): One of the major benefits of a term insurance plan is the affordability of premium. It is possible to get a cover of 1 crore Term Insurance without spending a huge amount. Term insurance premiums purely reflect the risk of covering the life of the policyholder. For Non-smokers, premiums are lesser. Insurance companies also charge lesser premiums for healthy policyholders. Women policyholders typically enjoy lesser premiums than men. All these factors make it possible for people to opt for higher covers without it breaking the bank. [...] A 1 crore term insurance plan pays a benefit amount or sum assured of ₹1 crore to your family members on your unfortunate demise. Term insurance plans that give a sum assured of 1 crore are an increasingly popular choice among buyers as they tend to have affordable premium rates and provide ample financial support in times of distress. [...] Assured / Insured Insured/assured is the person who is legally entitled to avail benefits covered under a policy
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2021-11-29): ^Figures arrived are basis the company’s latest annual audited figures for Individual Policy Claims for 2023-24 *https://www.kotak.com/content/dam/Kotak/investor-relation/Financial-Result/QuarterlyReport/FY-2024/q4/investor-presentation/Q4FY24%20Investor-Presentation.pdfGet 2 Crore Life Cover @₹30/day*Disclaimer: [...] Get 1 Crore Life Cover @₹15/day*Disclaimer: [...] Get 1.5 Crore Life Cover @₹22day*Disclaimer:
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2022-04-27): "The three Jan Suraksha schemes have brought the insurance and pension within the reach of the common man. The number of people who have enrolled and benefitted from the above schemes over the last seven years is a testimony to their success. These low-cost insurance schemes and the guaranteed pension scheme are ensuring that financial security, which was available to a select few earlier, is now reaching the last person of the society," the Finance Minister said. Giving an overview of providing facilities to the poor, the Finance Minister said, "Today, even the poorest of the poor can have a life insurance cover for Rs 2 lakh at less than 1 rupee a day under PMJJBY and an accident insurance of Rs 2 lakh at less than 1 rupee a month under PMSBY. All the citizens of the country in the age group 18 to 40 can subscribe for receiving pension after the age of 60 by paying a minimum amount of Rs 42 per month." [...] The Finance Minister said that in a similar spirit, "28.37 crore people have enrolled for accident cover since the launch of PMSBY and an amount of Rs 1,930 crore has been paid towards 97,227 claims. More than 4 crore people have already subseribed to the APY scheme."
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2019-03-31): Financial inclusion remains a key focus area, with initiatives like the Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, MUDRA, Stand Up India, and Atal Pension Yojana making significant strides. The DFS's efforts have ensured that millions of citizens, especially those in vulnerable sections, have access to basic banking services, insurance, and pension schemes.
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2015-09-28): There are 23 private sector Life Insurance companies in India. They are: [...] According to section 6 of Insurance Act 1938, no insurer carrying on the business of life insurance in India or after the commencement of the Insurance Regulatory and Development Authority Act, 1999, shall be registered unless he has a paid-up equity capital of rupees one hundred crores. [...] The information is available in Insurance Regulatory and Development Authority of India (Registration of Indian Insurance Companies) (Seventh Amendment) Regulations, 2016 which can be viewed at the following section in the Authority's website .
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2024-01-01): 2577,26,727 families protected till December 2023.
Claim: More than 19 crore people have been insured against life and accident risk or ensured pension. (Govt. of India, 2018-05-26)
Evidence (2024-01-17): In case you have a young family or have parents who are financially dependent it becomes essentially to secure their financial future in case of an uncertainty. To ensure that all their financial needs are taken care of you need to get a term insurance with adequate amount of sum assured. There are some basic rules that people follow to decide on the life cover they would need: [...] We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health. Popular Searches on Term Insurance - term insurance - term insurance calculator - what is term insurance - 1 crore term insurance - term insurance with return of premium - types of term insurance - benefits of term insurance - term insurance for nri - term insurance for women - term insurance for self employed - term insurance for housewife - claim settlement ratio - zero cost term insurance - 5 crore term insurance - 2 crore term insurance - 50 lakh term insurance - 10 crore term insurance - whole life insurance - term insurance for smokers - term insurance for heart patients - 1.5 crore term insurance - term insurance terminology - term insurance vs life insurance - medical tests for term insurance - Best Term Insurance Plan for 1 Crore - Features of Term Insurance - personal accident insurance
Claim: Department of Fertilizers has made it mandatory for all the indigenous producers of urea to produce 100% of their total production of subsidized urea as Neem Coated Urea (NCU) (Govt. of India, 2018-05-26)
Evidence (2018-05-26): The BJP government has published an infographic on the 48-months portal that makes five claims about the access and availability of fertilizers. This article is a fact check of the claims
Claim: Department of Fertilizers has made it mandatory for all the indigenous producers of urea to produce 100% of their total production of subsidized urea as Neem Coated Urea (NCU) (Govt. of India, 2018-05-26)
Evidence (2015-05-21): has been notified by Department of Fertilizers on 25th May, 2015 with the objectives of maximizing indigenous urea production; promoting energy efficiency in urea production; and rationalizing subsidy burden on the government. It is expected that the domestic urea sector would become globally competitive in terms of energy efficiency over a period of three years. On the basis of actual energy consumption and preset norms, the units have been divided into three groups and revised energy consumption norms have been fixed for next three financial years and target energy norm have been fixed for 2018-19. It will drive urea units to select better technology and different measure to reduce energy consumption. The higher energy efficiency due to aforesaid measure will reduce subsidy bill. It is expected that there would be reduction in the subsidy burden of the government in two ways - reduction in specific energy consumption norms and import substitution on account of higher domestic production. It is expected that the new urea policy will lead to additional production of 1.7 LMT annually in the next three years. Urea: Vide Department of Fertilizers notification dated 25th May, 2015, it has been made mandatory for all the indigenous producers of urea to produce 100% of their total production of subsidized urea as Neem Coated urea. Since NCU cannot be used for industrial purposes, illegal diversion of subsidized urea to non-agricultural use would not be possible. By curbing this illegal diversion of Urea for non-agricultural purposes, the government aims to prevent subsidy leakages.
Claim: Department of Fertilizers has made it mandatory for all the indigenous producers of urea to produce 100% of their total production of subsidized urea as Neem Coated Urea (NCU) (Govt. of India, 2018-05-26)
Evidence (2021-07-14): - Neem Coating of Urea: [...] - Due to slow release of Nitrogen, Nitrogen Use Efficiency (NUE) of Neem Coated Urea increases resulting in reduced consumption of NCU as compared to normal urea. [...] - The government has taken a number of measures to reduce urea consumption. It introduced neem-coated urea to reduce illegal diversion of urea for non-agricultural uses. It also stepped up the promotion of organic and zero-budget farming.
Claim: Department of Fertilizers has made it mandatory for all the indigenous producers of urea to produce 100% of their total production of subsidized urea as Neem Coated Urea (NCU) (Govt. of India, 2018-05-26)
Evidence (2015-03-30): Government has made it mandatory for domestic fertiliser firms to "neem coat" at least 75 per cent of their urea production, a move that is likely to save Rs 6,500 crore subsidy outgo. [...] "...it has now been decided to make it mandatory for all the indigenous producers of urea to produce 75 per cent of their total production of subsidised urea as Neem Coated urea," Fertiliser Ministry said in a notice to the domestic urea manufacturers. Removing the cap on neem coating of urea in January this year, and allowing fertiliser firms to coat the 100 per cent of urea produced by them with neem, Fertiliser Minister Ananth Kumar had said that with the use of neem coated urea, there will be more yield to the extent of 15-20 per cent and with less use of urea to the extent of 15-20 per cent.