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Claim ratio in crop insurance rises to 80% in kharif-2016

The claim ratio under Pradhan Mantri Phasal Bima Yojana (PMFBY) in Odisha has risen to 80% during the Kharif -2016 season as a result of constant follow up and extension activities at the ground level.

This was discussed in the State Level Coordination (SLC) Committee meeting on crop insurance held under the Chairmanship of Chief Secretary Aditya Prasad Padhi in secretariat conference hall on Wednesday.

Principal Secretary Agriculture and Cooperation Manoj Ahuja presented the updates and outlined the issues for the discussion.

Reviewing the progress, the Chief Secretary directed the department to enhance the security net by bringing in more and more non-loanee farmers under the crop insurance cover. The representatives of the insurance companies present in the meeting were asked to disburse the insured sum to the farmers within 15 days of the final crop cutting report.

Since the crop cutting experiment was done through application of remote sensing and mobile apps, there should be no problem in settling the claims expeditiously, Padhi said..

It is pertinent here to mention that Odisha is a leading state in application of remote sensing and mobile apps in crop cutting experiment. This was started from Kharif, 2016 with 33000 live samples collected from various parts of the State.

Development Commissioner R. Balakrishnan, who also participated in the deliberations, advised the department to do due diligence for identifying the actual tilling farmer, who suffered the crop loss, in the process of insurance.

During the Kharif 2016 season, five crops – paddy, groundnut, cotton, ginger and turmeric – were insured under PMFBY.

A total of 17.63 lakhs farmers cultivating around 12.57 lakh hectares of land were brought into the insurance fold for a sum of 68,881.61 cr. Around Rs.530 cr was paid as premium to the insurance companies.

During this season, around Rs.422 Cr. of claim was raised by the farmers from all 30 districts that were divided into five clusters for the purposes of crop insurance.