Pradhan Mantri Fasal Bima Yojana: Now the insurance regulator IRDAI has directed all non-life insurance companies to increase the coverage of crop insurance, so that farmers get maximum benefit of crop insurance.
Pradhan Mantri Fasal Bima Yojana: Now the insurance regulator IRDAI has directed all non-life insurance companies to increase the coverage of crop insurance, so that farmers get maximum benefit of crop insurance. According to sources related to the insurance industry, IRDAI has told insurance companies that companies need more emphasis on crop insurance and companies should increase the scope of crop insurance in their portfolios.
IRDAI gave confidence to insurance companies
The biggest reason for non-life insurance companies not taking much interest in crop insurance is that companies do not get reinsurance support at reasonable premiums and read on companies to incur losses when claims are increased. According to the information, IRDAI has given assurance to the insurance companies that the reinsurance companies will fix the appropriate premium rates for crop insurance and the regulator will also intervene if needed.
Mastercard to allow cryptocurrency transactions; Here’s how to do it
Funds for the Prime Minister’s crop scheme
The budget allocated for the Pradhan Mantri Fasal Yojana has been kept at Rs.16000 crores and the crop insurance scheme launched for the farmers is the most important scheme to compensate the farmers of crops due to natural calamities like storm, hailstorm and strong rain This is done through the scheme and the government claims that a claim of 90,000 crores has been paid through the Prime Minister Crop Insurance Scheme.
Fasal Bima yojana will soon benefit The reason for this is an initiative of the Agriculture Ministry. In fact, the Ministry of Agriculture has sought permission from the Directorate General of Civil Aviation (DGCA) to take pictures of paddy fields from drones to assess crop yield at the Gram Panchayat level in 100 districts under the Prime Minister’s Crop Insurance Scheme (PMFBY). This permission has been sought to fly drones of selected agencies.
New technique for estimating crop yield
This is the second year the Ministry has hired private agencies for a study of unmanned aerial vehicle (UAV) based remote sensing data collection in agricultural areas of 100 districts to assess the Gram Panchayat level crop yield under PMFBY. is.
Permission sought from DGCA
According to the official, as the harvesting work is in full swing in the selected 100 rice-growing districts and it will be completed soon according to the harvest season, we have requested the Directorate General of Civil Aviation (DGCA) to fly drones to the selected areas Approve of.
There will be registration in PMGBY like this
Any farmer who wants to be registered under PM FBY should contact his nearest bank, Primary Agricultural Credit Committee, Common Service Center (CSC), Village Level Entrepreneurs (VLY), Agriculture Department office or insurance company representative Will happen. Farmers can also register through the National Crop Insurance Portal (NCIP) or the Crop Insurance App.
It will take paper
Farmers will have to provide Aadhaar number, bank passbook, land record / tenancy agreement and self-declaration letter pass to complete the registration. After this, farmers will be informed about the status of their application by SMS on their mobile numbers.
Drone will be able to fly till 31 December
He said that a letter has been written to the DGCA in this regard, asking agencies like AMNEX, AGROTECH, RMSI Private Limited and Weather Risk Management Services Private Limited to allow drones to fly drones for two months i.e. by 31 December.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
