-Livemint.com Under the flagship crop insurance scheme Pradhan Mantri Fasal Bima Yojana, Rs5,875 crore, or just 45%, has been paid to farmers, agriculture ministry data shows New Delhi: Farmers who suffered crop losses in 2016-17 are yet to receive insurance compensation for 55% of estimated claims under the flagship Pradhan Mantri Fasal Bima Yojana (PMFBY), shows latest numbers from the agriculture ministry. The data shows that insurance companies collected Rs22,338 crore in 2016-17...

-The Indian Express For farmers, a uniform 2 per cent premium rate on sum insured (SI) for all kharif or monsoon season foodgrains and oilseeds, while 1.5 per cent for rabi winter crops and 5 per cent for annual commercial and horticultural crops, is the lowest they can hope for. The country couldn’t possibly have, at least on paper, a better agricultural crop insurance scheme than the Pradhan Mantri Fasal Bima...

-Hindustan Times The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017. New Delhi: An independent evaluation of the Modi government’s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore in gross profit during the last kharif season, from June to November 2016. However, it settled less than a third of the crop-loss claims filed till early this year. The report released...

-Business Standard Says over Rs 32,000-crore released to insurers from 2011-16 without verification of beneficiaries The crop insurance continues to be a problematic area despite the Centre launching the much-touted Pradhan Mantri Fasal Bima Yojana (PMFBY) from Kharif 2016 replacing two old schemes with no or marginal increase in coverage of non-loanee farmers, lower sum insured as compared to scale of finance and delayed claim settlement which defeated the very purpose of...

-Livemint.com States like Bihar and Kerala did not deposit their share of insurance premium on time, delaying payments to farmers, says agriculture minister Radha Mohan Singh New Delhi: Due to states delaying assessment of crop loss, settlement of claims under the centre’s flagship crop insurance scheme is getting delayed, agriculture minister Radha Mohan Singh said on Wednesday. The minister also complained that some states like Bihar and Kerala did not deposit their...