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Most crop insurance coverage claims have been reported from Rajasthan at ₹3,602 crore, adopted by Maharashtra, and Haryana throughout 2020-21.
There was greater than 60% decline within the crop insurance coverage claims of farmers at ₹9,570 crore beneath the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the 2020-21 crop 12 months from the earlier 12 months as there have been no main crop losses, based on official knowledge.
Nevertheless, a lot of the crop insurance coverage claims reported for 2020-21 and 2019-20 crop years have been cleared by the federal government.
Crop insurance coverage claims stood at ₹27,398 crore within the 2019-20 crop 12 months (July-June).
PMFBY was launched in 2016-17 with many enhancements over the erstwhile crop insurance coverage schemes. The operational pointers of the scheme have been revised with impact from Rabi 2018 and kharif 2020, respectively, to make sure the advantages reached farmers sufficient and well timed.
In response to the info, about 445 lakh hectares of farm land was insured by 612 lakh farmers beneath the PMFBY with a complete sum insured quantity of ₹1,93,767 crore throughout 2020-21.
Nevertheless, whole claims reported have been of ₹9,570 crore for 2020-21. Out of which, claims reported from the Kharif season have been ₹6,779 crore, whereas from Rabi season ₹2,792 crore.
“The claims at ₹ 9,570 crore for 2020-21 have been considerably decrease as there have been no main losses not like earlier 12 months,” an Agriculture Ministry official instructed PTI.
Most crop insurance coverage claims have been reported from Rajasthan at ₹3,602 crore, adopted by Maharashtra at ₹ 1,232 crore and Haryana at ₹ 1,112.8 crore throughout 2020-21.
In the course of the 2019-20 crop 12 months, about 501 lakh hectare was insured by 613 lakh farmers beneath the PMFBY with a complete sum of ₹2,19,226 crore.
The claims reported from Kharif season remained increased at ₹21,496 crore, whereas from Rabi season at ₹5,902 crore of the 2019-20 crop 12 months.
Most crop insurance coverage claims have been reported from Maharashtra at ₹6,757 crore, adopted by Madhya Pradesh at ₹5,992 crore and Rajasthan at ₹4,921 crore throughout 2020-21.
The official mentioned the crop insurance coverage claims of farmers for 2019-20 has nearly been cleared. The excellent claims of ₹1,200 crore might be cleared quickly.
About ₹6,845 crore crop insurance coverage claims of farmers for 2020-21 has additionally been cleared, the official added.
Supply- thehindu