Question : Compensation under Pradhan Mantri Fasal Bima Yojana

(a) the details of the premium amount collected under the Pradhan Mantri Fasal Bima Yojana (PMFBY) crop, State, sowing season and insuring company-wise alongwith the share of the Government and share of the farmers in 2016-17 and 2017-18;

(b) the details of the claims by the farmers under PMFBY for 2016-17 and 2017-18 in terms of the number of claims and amount received, State, sowing season, crop and insuring company-wise alongwith the reasons stated for crop damage;

(c) the details of compensation amount paid, alongwith the details of number of farmers to whom it was paid State, crop and insuring company-wise; and

(d) the details of the high risk States and the increase in amount of premium in those States?

Answer given by the minister


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(a) to (c): Crop season-wise, State-wise and insurance company-wise details of premium amount collected alongwith share of Government both Central and State and share of farmers; total claims and number of farmers to whom the claims are paid during 2016-17 under Pradhan Mantri Fasal Bima Yojana (PMFBY) are annexed. Details for 2017-18 are not available as the harvesting for the Kharif crops is still in progress.

PMFBY provides comprehensive insurance coverage against the crop losses due to natural non-preventable risk including flood, drought, dry spells, storm, hailstorm, cyclone, typhoon, tempest, hurricane, tornado pests/diseases etc.

However, reasons reported for crop damage during 2016-17 included drought in States like Tamil Nadu, Karnataka, Maharashtra, Rajasthan and floods in States like Bihar, Uttar Pradesh apart from localized calamity of hailstorm, inundation in Haryana, Uttar Pradesh etc.

(d): As per provisions of the scheme, risk defined is based on the loss cost/experience of claims or on variability in the agricultural produce/yield from average of past ten years viz, =15%, 16-30% and =30% as low, medium and high risk respectively. However, premium is to be decided on the basis of bidding and L-1 bidder is chosen by the State Government. Thus high risk States are those where the frequency of high claims is higher due to one natural calamity or the other. These States include Gujarat, Karnataka, Maharashtra, Madhya Pradesh, Rajasthan etc. due to the frequent and high claims, insurance companies quoted high premium in high risk States during Kharif 2017.

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