Mon, Sep 09, 2024
Announcement of purchase of soybean on MSP. Will soybean farmers get support? Will the issue be resolved by purchasing only on MSP? Know which other steps are necessary for good feelings?
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Wed, Aug 09, 2023
A total of 8,850 crop insurance certificates for the Kharif season were distributed to beneficiaries in the Konkan division of Maharashtra during Revenue Week
Wed, Mar 22, 2023
Unseasonal rains, accompanied by strong winds and hailstorm, continued to lash vast swathes of North and Central India. The crops of the farmers have been damaged due to the rain. In MP, CM Shivraj Singh Chouhan has assured that his loss will be fully compensated. As unseasonal rains destroys farmers' crops across India, how will 'BIMA' help them to overcome losses? Watch this special discussion with Deepak Dobhal.
Tue, Jun 14, 2022
Regulator Irdai on Tuesday reduced the solvency margin requirement for general insurers providing crop insurance, a decision expected to unlock Rs 1,400 crore of funds for them to undertake more business.
Tue, May 19, 2020
Pradhan Mantri Fasal Bima Yojana: Future Generali India Insurance Company, the general insurance arm of the joint venture between Future Group and global insurer Generali, has settled Rs 276 crores of PMFBY claims during the lockdown period.
Mon, Mar 25, 2019
Insurance companies should put in place a robust system to register all the requests of individuals loss assessment, and if an individual loss assessment is rejected, a written rejection letter mentioning the reason should be sent to insured, Irdai said.
Sun, Apr 01, 2018
Under the Pradhan Mantri Fasal Bima Yojana (PMFBY), a sum of Rs 19,163.48 crore has been insured by 4.79 crore farmers in the current 2017-18 crop year (July-June). The delay in settlement of claims could be due to various reasons. One could be delay in assessing yield loss, while the other reasons may be non-receipt of state share of premium, discrepancy in yield data and unavailability of farmers account details, among others, the official explained.
Wed, Jan 10, 2018
Under the upgraded crop insurance scheme PMFBY, launched early 2016, farmers pay very nominal premium and get full claim for the crop damage.
Sat, Sep 24, 2016
"There has been a delay in payment of insurance amount to the affected farmers. The delay was mostly due to contradictory reports. However, the government is taking steps to provide insurance amount to affected farmers within two weeks," Cooperation minister Damodar Rout told the Assembly while replying to an adjournment debate on the state's alleged failure to release insurance to farmers.
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