Budget of Rs. 5501.15 crore for Implantation of Pradhan MantriFasalBima Yojana (PMFBY) During 2016-17.

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Capital Market
Last Updated : Nov 18 2016 | 6:47 PM IST

A budget provision of Rs. 5501.15 crore has been made for implementation of Pradhan MantriFasalBima Yojana (PMFBY) during 2016-17.

As per provisions of PMFBY, admissible claims are worked out on the basis of yield data generated from Crop Cutting Experiments (CCEs) submitted by concerned State Governments to the insurance companies. Hence, the number of beneficiaries (to whom the claims are paid) are known only thereafter. The cut-off date for receipt of yield data for Kharif 2016 season is one month from the final harvest i.e. 15th December, 2016. Claims are estimated accordingly.

State-wise details of farmers covered under PMFBY/Weather Based Crop Insurance Scheme (WBCIS) are given below:

State-wise details* of loanee and non-loanee farmers covered under PMFBY and WBCIS (combined) during Kharif 2016

Sl.

No

States/UTs No. of Farmers Insured (Lakhs)1 Assam 0.512 Andhra Pradesh 15.093 Bihar 13.984 Chhattisgarh 13.265 Goa 0.0076 Gujarat 11.917 Haryana 6.968 Himachal Pradesh 0.979 Jharkhand 8.4910 Karnataka 10.5911 Kerala 0.2212 Madhya Pradesh 36.5413 Maharashtra 66.7914 Manipur Data not available15 Meghalaya 0.000616 Odisha 17.4617 Rajasthan 53.0518 Tamil Nadu 0.1319 Telangana 6.5520 Tripura 0.0221 Uttar Pradesh 30.0422 Uttarakhand 1.2823 West Bengal 32.40 Total 326.25

*Provisional.

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First Published: Nov 18 2016 | 6:25 PM IST

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