Question raised in Lok Sabha on Compensation under PMFBY, 18/12/2018
Question raised in Lok Sabha on Compensation under PMFBY, 18/12/2018. State-wise Details of enrolments, estimated claims and claims paid under Pradhan Mantri Fasal Bima Yojana (PMFBY) during 2016-17 and 2017-18 are given in Annexure-I. Inspite of overall good monsoon during first two years of implementation of PMFBY, the claim ratio during 2016-17 is about 73% and during Kharif 2017, it is about 86%. Moreover, high claims are paid by insurance companies in the areas/States hit by the natural calamity/adverse weather conditions. Details of claims paid in such States is given in Annexure-II.