Crop insurance boost: Agriculture minister Shivraj Singh Chouhan to transfer Rs 3,200 cr PMFBY claims on Monday; new rules bring faster payouts
Agriculture Minister Shivraj Singh Chouhan will digitally transfer ₹3,200 crore in crop insurance claims to 30 lakh farmers under PMFBY at an event in Rajasthan. The Centre has simplified claim settlements, penalizing delays from states and insurers. Since 2016, PMFBY has disbursed ₹1.83 lakh crore against ₹35,864 crore in premiums, showcasing a farmer-friendly policy.🕒 1 min read
Agriculture Minister Shivraj Singh Chouhan will digitally transfer ₹3,200 crore in crop insurance claims to 30 lakh farmers under PMFBY at an event in Rajasthan. The Centre has simplified claim settlements, penalizing delays from states and insurers. Since 2016, PMFBY has disbursed ₹1.83 lakh crore against ₹35,864 crore in premiums, showcasing a farmer-friendly policy.
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