Question : Compensation under PMFBY

(a) whether the farmers have received the insured amount from the Insurance companies as compensation under the Pradhan Mantri Crop Insurance Scheme in accordance to the claims made in the years 2016-17 and 2017-18, if so, the details thereof including the total number of farmers and the names of the States in which insured amount has been distributed as compensation in the last two years;

(b) the amount claimed by the farmers in the above said years in each State of the country;

(c) the details of amount made available to them in reality; and

(d) whether the farmers are reluctant to opt for crops insurance due to heavy premium thereof which leads to non-compensation of heir loss and if so, the details thereof?

MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE AND FARMERS WELFARE

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(a) to (c): 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.

(d): No Madam. After implementation of the PMFBY since April, 2016, enrolment of non-loanee farmers for whom the scheme is voluntary, has increased from 27.81 lakh in 2015-16 under erstwhile schemes, to 136.66 lakh in 2016-17 and to 138.47 lakh in 2017-18, indicating acceptance of the scheme.

Further, as against the premium amounting to Rs. 4216.04 crore collected from farmers in 2016-17, claims of Rs. 16279.25 crore have been paid to farmers. Similarly, claims of Rs. 16967.92 crore have been paid during 2017-18 (Kharif 2017) against premium amounting to Rs. 3038.70 crore collected from farmers.

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.