Crop Insurance Policy

Gross PMFBY premium falls in kharif 2025 as cup and cap model takes root

Lower actuarial bids and Maharashtra dropping add-ons could ease the Centre's subsidy burden in FY26

Over 403K crop insurance claims rejected in Maharashtra: Manikrao Kokate

More than 4.30 lakh crop insurance applications under the Pradhan Mantri Fasal Bima Yojana (PMFBY) were rejected in Maharashtra during the Kharif 2024 season due to irregularities, the legislative council was told on Monday. State Agriculture Minister Manikrao Kokate stated in a written reply that the rejections were primarily due to discrepancies such as insurance on government-owned land, municipal land, areas exceeding actual landholdings, and non-eligible crops. "No financial loss has occurred to the government as no premiums were paid for these invalid claims," Kokate stated while responding to a question asked by BJP MLC Chitra Wagh. As many as 4,30,443 crop insurance applications under the PMFBY were rejected during the Kharif 2024 season. In comparison, 2,85,468 applications were rejected during the Kharif 2023 season, the minister stated. Kokate said the scrutiny process had flagged several irregularities including fraudulent geo-tagging of non-agricultural land as ...

Irregularities found in crop insurance scheme: Maharashtra agri minister

Maharashtra Agriculture Minister Manikrao Kokate has admitted irregularities in the implementation of the Re 1 crop insurance scheme for farmers, noting places of worship were shown as agricultural lands to claim benefits. More than four lakh crop insurance applications, some filed even by those residing outside Maharashtra, have been rejected, Kokate on Tuesday said, adding a "bogus industry" has come to light which involves non-eligible people seeking benefits of the scheme. The minister, however, asserted that no money has been actually lost as funds were not transferred by the government into the bank accounts linked to bogus applications. Speaking to the media here, Kokate said instances of malpractice in the scheme have been identified in several aspects, including cases where mosques, temples and vacant lands were falsely declared as agricultural lands to claim benefits. "I have instructed district collectors to take immediate action," he said. The crop insurance scheme was

PMFBY: Tech revamp boosts govt's crop insurance scheme, yields results

The Cabinet also decided that when states engaged any insurance company for PMFBY, the insurer would have to stay enrolled for at least three years, against the earlier provision of one to three years

Centre's doorstep distribution drive for crop insurance to start

The doorstep campaign will be launched in all implementing states in the upcoming Kharif season beginning June, the ministry said in a statement

Letter to BS: Long journey ahead for reforms in neglected agro sector

We would see the genesis of farm area cooperatives that would not only help evolve improved and scientific farm management techniques but also significantly reduce the cost of enabling inputs

Govt-owned AIC mulls launching crop reinsurance services outside India

The firm is currently in discussions with intermediaries to launch the product by January 2020

Compensation for farmers suicide no way to deal with farm debt, says SC

SC gave 6 months as Attorney General Venugopal sought a year's time to see the gains of the scheme

Govt to start selling crop insurance policy at post offices, CSCs

Policy to be accessible at 1.75 lakh common service centres across the country