Several farmers, who had opted for the highly subsidised Pradhan Mantri Fasal Bima Yojana (PMFBY), report delays in claims settlement, according to an impact assessment study of the Centre’s flagship scheme since its launch nine years ago.

“Many farmers reported receiving compensation between three to fourteen months after crop loss, undermining the schemes’ core function of enabling timely reinvestment,”, the comprehensive study carried out by the centre for management in agriculture at the Indian Institute of Management (IIM) has stated.

Technology and timelines for streamlining claims

The study has recommended involvement of farmers, government, and insurers collaboratively in transparent and inclusive loss assessment processes for streamlining claims process.

“Enforce strict tim

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