-Down to Earth Farmers yet to be paid Rs 5,724 crore for claims made in 5 years since scheme launch The Pradhan Mantri Fasal Bima Yojana (crop insurance scheme) may have benefitted some farmers but insurance companies surely made the most of it. In the five years since the scheme was launched, these companies received Rs 1,26,521 crore in premium payments and paid Rs 87,320 crore to farmers in loss claims — a...

-TheWire.in In 2018, farmers, who had been denied insurance claims after the Agriculture Insurance Company of India refunded their premiums, filed a PIL before the Rajasthan high court. Jaipur: After almost three years of legal battle against a public sector insurance company and a state-run co-operative bank that arbitrarily denied them insurance claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY), farmers in Rajasthan’s Jodhpur have finally received their share of claims...

-The Indian Express The recent tweaks to the Pradhan Mantri Fasal Bima Yojana, including making it 100% voluntary and capping premiums at 30%, are going to be a game-changer. The Centre has recently revamped the Pradhan Mantri Fasal Bima Yojana (PMFBY) that will have far-reaching impact on the implementation of this flagship crop insurance scheme. Launched in the 2016 kharif season, PMFBY makes the insurance companies liable for full risk coverage. Farmers...

-Hindustan Times PMFBY has run into many of the old problems. The one most troubling issue for farmers is a continuous delay in payouts. The average delay in payment of claims, according to official data, is more than a year from the date of harvest. When the Pradhan Mantri Fasal Bima Yojana (PMFBY), the country’s flagship crop insurance scheme was launched in June 2016, the idea was to replace complicated, multiple insurance...

-TheWire.in The Agriculture Insurance Company of India returned farmers' premiums after one year, claiming that details had not been provided in "soft copy". The bank, however, has not credited the refund into farmers' accounts. Satlana (Jodhpur, Rajasthan): Thousands of farmers in the Satlana gram panchayat of Rajasthan’s Jodhpur, insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY), have been denied insurance claims for two crop seasons – kharif 2016 and kharif 2017. The...