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Claim settlement under PMFBY
May 14 , 2025
15 hrs 0 min
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- Pradhan Mantri Fasal Bima Yojana (PMFBY), India's flagship crop insurance, scheme was launched on February 18, 2016.
- The PMFBY and the Restructured Weather-Based Crop Insurance Scheme (RWBCIS) data shows that 97 per cent of all reported claims have been settled across India.
- Goa, Chhattisgarh, Telangana and Tamil Nadu have achieved the full claim settlement under the schemes.
- In contrast, Tripura, Andaman and Nicobar Islands, Andhra Pradesh, and Sikkim trail at the bottom.
- Their settlement rates range from 91 per cent to just 51 per cent.
- Andhra Pradesh has emerged as the State with the highest shortfall in crop insurance payouts, with farmers still awaiting claims worth ₹1,842 crore.
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