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LATEST NEWS UPDATES | Crop insurance claims over Rs 3,300 crore pending due to payment failure, delay in state subsidy -Shagun Kapil

Crop insurance claims over Rs 3,300 crore pending due to payment failure, delay in state subsidy -Shagun Kapil

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published Published on Nov 30, 2021   modified Modified on Feb 6, 2022

-Down to Earth

Farmers belonging Jharkhand, Karnataka, Telangana, and Maharashtra have the highest amounts pending under insurance claims

Over Rs 3,300 crore is pending in payment to farmers across India in crop insurance claims  since 2018-19 under the government’s flagship crop insurance scheme, due to ‘payment failure’ and delay in state subsidy.

An amount of Rs 3,372.72 crore out of claims worth Rs 66,460 crore in the last three years under the Pradhan Mantri Fasal Bima Yojana (PMFBY), was pending as on November 25, 2021.

This is according to a reply given by Union Minister for Agriculture and Farmers Welfare Narendra Singh Tomar in the Lok Sabha November 30. Of this, Rs 1,087.35 crore was pending for financial year 2020-2021.

Payment failure is one of the most cited reasons across states for non-payment of claims.

All admissible claims are transferred electronically to the bank account of the eligible insured farmers directly or the Aadhar Enabled Payment System.

Please click here to read more.


Down to Earth, 30 November, 2021, https://www.downtoearth.org.in/news/agriculture/crop-insurance-claims-over-rs-3-300-crore-pending-due-to-payment-failure-delay-in-state-subsidy-80459?fbclid=IwAR2GpFZ9PPcLmLQE_AFFl9LnBjjdBVCoaMX24pRVRArBYTwDgabWro8hyQc


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