Claims totalling Rs 15,082.95 had been paid so far under crop insurance schemes for Kharif 2015, according to the data provided by the Minister of State for Agriculture Parshottam Rupala in a written reply in Rajya Sabha.
During Kharif, sowing starts in June while harvesting begins in October.
The data further showed that during Rabi 2014-15 (October to March) claims worth Rs 2,962 crore were paid.
Crops are sown in October and harvested in March during the Rabi season.
In a separate query on Pradhan Mantri Fasal Bima Yojana (PMFBY), Rupala said 16 insurance firms including all concerned public sector insurance companies and 11 private sector general insurance companies have been empaneled for implementation of the scheme.
The public sector companies are Agriculture Insurance Company of India, Oriental Insurance Company, National Insurance Company, United India Insurance Company and the New India Assurance Company, he added.
While, from the private sector the firms include Tata-AIG General Insurance Company, Bajaj-Allianz General Insurance Company, Cholamandalam MS General Insurance Company, SBI General Insurance Company, Future Generalli General Insurance Company and HDFC-ERGO General Insurance Company, Rupala said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
