There has been far more than 60 per cent drop in the crop insurance statements of farmers at Rs nine,570 crore below the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the 2020-21 crop yr from the past yr as there have been no significant crop losses, in accordance to formal information.

Even so, a great deal of the crop insurance statements claimed for 2020-21 and 2019-20 crop several years have been cleared by the governing administration.

Crop insurance statements stood at Rs 27,398 crore in the 2019-20 crop yr (July-June).

PMFBY was released in 2016-seventeen with several enhancements around the erstwhile crop insurance strategies. The operational rules of the scheme have been revised with result from Rabi 2018 and kharif 2020, respectively, to guarantee the rewards attained farmers ample and well timed.

According to the information, about 445 lakh hectares of farm land was insured by 612 lakh farmers below the PMFBY with a full sum insured quantity of Rs 1,93,767 crore during 2020-21.

Even so, full statements claimed have been of Rs nine,570 crore for 2020-21. Out of which, statements claimed from the Kharif season have been Rs six,779 crore, whilst from Rabi season Rs two,792 crore.

“The statements at Rs nine,570 crore for 2020-21 have been significantly lower as there have been no significant losses as opposed to past yr,” an Agriculture Ministry reported.

Utmost crop insurance statements have been claimed from Rajasthan at Rs three,602 crore, adopted by Maharashtra at Rs 1,232 crore and Haryana at Rs 1,112.8 crore during 2020-21.

During the 2019-20 crop yr, about 501 lakh hectare was insured by 613 lakh farmers below the PMFBY with a full sum of Rs two,19,226 crore.

The statements claimed from Kharif season remained larger at Rs 21,496 crore, whilst from Rabi season at Rs 5,902 crore of the 2019-20 crop yr.

Utmost crop insurance statements have been claimed from Maharashtra at Rs six,757 crore, adopted by Madhya Pradesh at Rs 5,992 crore and Rajasthan at Rs 4,921 crore during 2020-21.

The formal reported the crop insurance statements of farmers for 2019-20 has almost been cleared. The fantastic statements of Rs 1,two hundred crore will be cleared before long.

About Rs six,845 crore crop insurance statements of farmers for 2020-21 has also been cleared, the formal included.