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.
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