The Union Government today said that the insurance claims are being paid to the farmers on time after crop damage or failure under the Pradhan Mantri Fasal Bima Yojana (PMFBY). Informing this to the Lok Sabha, MoS Agriculture and Farmers Welfare Kailash Choudhary said, admissible claims are generally paid by the insurance companies within two months of completion of Crop Cutting Experiments (CCEs) or harvesting period. He, however, said, settlement of claims in some states get delayed due to reasons like delayed transmission of yield data.
Replying to a question, the Minister also informed non-receipt of state share of premium subsidy is the primary reason for delayed settlement of claims.
The Minister said, his Ministry is regularly monitoring the implementation of PMFBY including timely settlement of claims through weekly video conference of stakeholders and one to one meetings with insurance companies. Mr Choudhary highlighted National Crop Insurance Portal (NCIP), www.pmfby.gov.in has been developed with the objective to digitize the entire activities of the implementation of PMFBY.
In order to resolve the technical disputes between the insurance companies and stakeholders including states, Technical Advisory Committee (TAC) at Centre-level and State Technical Advisory Committees (STAC) at State-level have also been constituted to facilitate early settlement of claims.