Farmers paid Rs 1.25 lakh crore as claims until Oct 31: Authorities

Farmers have been paid claims price Rs 1,25,662 crore beneath the Pradhan Mantri Fasal Bima Yojana since its inception in 2016, the federal government mentioned on Thursday. Crop insurance coverage premium totalling Rs 25,186 crore have been paid by the farmers beneath the scheme until October 31, 2022.

Below the Pradhan Mantri Fasal Bima Yojana (PMFBY), the agriculture ministry mentioned, the federal government is dedicated to offer complete insurance coverage protection in opposition to crop loss on account of non-preventable pure dangers.

“Within the final 6 years, Rs 25,186 crore have been paid by farmers because the premium, whereby Rs 1,25,662 crore have been paid to the farmers in opposition to their claims as on October 31, 2022 with Central and state governments bearing a lot of the premium beneath the scheme,” an official assertion mentioned, whereas clarifying on experiences {that a} paltry sum of insurance coverage claims being paid to the farmers in sure districts of Maharashtra.

The PMFBY is the third largest crop insurance coverage scheme on the earth and tipped to develop into primary in coming years as round 5 crore farmer purposes are being acquired beneath the scheme yearly, it added.
“The acceptability of the scheme has elevated amongst the farmers within the final 6 years, with share of non-loanee farmers, marginalised farmers and small farmers rising by 282 per cent for the reason that initiation of the scheme in 2016,” the ministry mentioned.

The scheme is being carried out on actuarial/ bidded premium charges, nonetheless, farmers, together with small farmers should pay most 2 per cent for Kharif, 1.5 per cent for Rabi meals and oilseed crops, and 5 per cent for business/horticultural crops, respectively.

Premium over and above these limits is shared by the Central and state governments on 50:50 foundation besides in North Jap area, the place it’s 90:10 from Kharif 2020.

The scheme operates on the insurance coverage rules due to this fact the extent of space insured, extent of harm occurred, sum insured are the necessary determinants in arriving on the declare quantity.

The ministry mentioned that digitisation and expertise are taking part in a big function in scaling up the attain and operations of PMFBY with precision agriculture.

Just lately launched Climate Data and Community Knowledge Programs (WINDS), Yield Estimation System primarily based on Know-how (YES-Tech), Assortment of Actual Time Observations and Pictures of Crops (CROPIC) are among the key steps taken beneath the scheme to herald extra effectivity and transparency.

To deal with farmer grievances in actual time, an built-in helpline system is presently beneath beta testing in Chhattisgarh, the assertion mentioned. PTI MJH SHW SHW