Crop insurance

Pradhan Mantri Fasal Bima Yojana, PMFBY, economy, Punjab floods, agriculture

Punjab may join Fasal Bima scheme as floods hit crops

Floods damaging crops across Punjab may push the state to join the Pradhan Mantri Fasal Bima Yojana (PMFBY). With 0.4…

September 3, 2025 21:12 IST

Agriculture Minister Shivraj Singh Chouhan to Digitally Transfer Rs 3,200 Crore in Crop Insurance Claims to 30 Lakh Farmers. (Image Source: Express Photo)

Shivraj Singh Chouhan to transfer crop insurance claims worth Rs 3,200 crore to 30 lakh farmers on Monday

In a significant move to support farmers, Agriculture Minister Shivraj Singh Chouhan will digitally transfer ₹3,200 crore under the Pradhan…

August 10, 2025 17:20 IST

Crop insurance, economy, crops, agriculture, PMFBY, insurance

Crop insurance default by states cross Rs 6450 crore in 5 years

State defaults under the PM Fasal Bima Yojana have crossed Rs 6,450 crore over five years, with AP, Rajasthan, and…

July 26, 2025 00:05 IST

kharif crops, economy, farmers, Pradhan Mantri Fasal Bima Yojana

Escrow accounts by states a must under crop insurance plan

To ensure timely crop insurance payouts under PMFBY, states must open escrow accounts from Kharif 2025. The Centre mandates 50%…

June 11, 2025 05:11 IST

The Narendra Modi-led Union government has extended the deadline for farmers to apply for the Prime Minister Crop Insurance Scheme, also known as Pradhan Mantri Fasal Bima Yojana.

PM Fasal Bima Yojana: PMFBY cut-off date for Kharif crops extended in these states – Check full list here

Pradhan Mantri Fasal Bima Yojana: The Narendra Modi-led Union government has extended the deadline for farmers to apply for the…

Updated: August 3, 2024 18:10 IST

Govt extends enrolment dates for Fasal Bima

Farmers in Maharashtra and Odisha can enroll in PMFBY by Thursday and Saturday.

August 2, 2023 01:15 IST

Fasal Bima outlay for FY 24 may be Rs 16,000 crore

The balance premium is equally shared among the Centre and states, which implies they bear most of the premium under…

January 12, 2023 02:20 IST

crop insurance, crop insurance 2023-24, crop insurance policy

Govt likely to allocate Rs 15,500 crore for crop insurance for FY24

Punjab, which has not adopted the crop scheme launched in 2016, is in discussion with the agriculture ministry to launch…

December 5, 2022 03:15 IST

climate change and nature conservation are also affecting both crop yield and the land area suitable for agriculture. It is found that the total global arable land area is likely to decrease by 0.8–1.7% in the coming years.

Punjab to join crop insurance scheme

Telangana, Jharkhand, Bihar, Gujarat too rejoining PMFBY

November 12, 2022 03:00 IST

crop insurance, crop insurance scheme, crop insurance scheme 2022-23, Pradhan Mantri Fasal Bima Yojana

Revamped crop insurance scheme from 2023-24 season

Higher cap on premium on the cards, premium to be decided by competitive bidding

September 5, 2022 01:30 IST

Sources told FE that the Centre has agreed to the Telangana government's demand for ‘universal coverage’ of farmers under the scheme.

After Andhra Pradesh, Telangana too rejoins crop insurance scheme

Earlier this month, the Andhra Pradesh government announced its decision to re-join the PMFBY, effective kharif 2022, after the Centre…

July 28, 2022 03:40 IST

Currently, the threshold is 80%. If the claims are even lower, the extra profits will have to be transferred by the insurer to the respective state governments.

Working group suggests steps to boost crop insurance scheme

In February 2020, the government made PMFBY voluntary for farmers while previously it was mandatory for the farmers to take…

June 24, 2022 04:00 IST

In the event of the death of the enrolled farmer due to any cause, the insured amount of Rs 500,000 is transferred to the nominee bank account within 10 days. According to TSEC, since 2018-19, the state government has settled claims to theextent of Rs 3,763 crore and transferred the amount to the 75,276 bereaved families.

Income support and crop insurance give farm sector a leg up in Telangana

Rythu Bima was launched in 2018 with the objective of providing financial relief and social security to the dependents in…

May 31, 2022 04:15 IST

Pradhan Mantri Fasal Bima Yojana aims at providing financial support to farmers facing crop loss/damage due to natural calamities. (File)

No proposal to revise subsidy sharing pattern between Centre and states under PMFBY, says Narendra Singh Tomar

Tomar aid the revamped PMFBY revised the subsidy sharing pattern for north-eastern states from 50:50 to 90:10 between central and…

April 1, 2022 16:51 IST

Of course, the state government has to bear the cost of any claims above 110% of the premium collected to insulate the insurer from losses, but such higher level of claims rarely occur, so the states reckon the formula in effect reduces their cost to run the scheme.

Crop Insurance: Centre open to ‘Beed formula’, writes to states

Under the 80-110 Plan, in case the claims reach 60% of premium collected, the insurance company will have to refund…

July 9, 2021 02:30 IST

Unsettled Fasal Bima claims rise as states delay premium

Claims worth Rs 1,866 crore were yet to be paid to farmers, while defaulting states were to pay their shares…

March 15, 2021 02:30 IST

Wider coverage to see crop bill ballooning

The Centre’s expenditure on subsidising the premium paid by farmers for crop insurance will likely see a 125% jump to…

February 24, 2016 01:09 IST

New crop scheme to boost agri insurance biz, say insurers

The Centre would incur an expenditure of more than Rs 8,800 crore annually at this rate of subsidy if 50…

January 24, 2016 13:43 IST

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