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CROP INSURANCE CLAIMS
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, KarnatakaIn Maharashtra, insurers' liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The ...- Maharashtra declares drought in 265 talukas or nearly three-fourths of state; announces relief measuresMaharashtra has declared drought in 265 out of 358 talukas due to significant rainfall deficits. The government announced various relief me...
- Smart rice policy would be niceIn the 2026-27 cycle, India's rice production is projected to fall by 6.5% compared to the previous year, largely due to monsoon rainfall b...
- Won't chase top-line growth at any cost: SBI General CEO on fire insurance pricing warSBI General Insurance will not chase fire insurance business at unsustainable prices. The company aims to improve profitability and maintai...
- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsHere’s one thing to watch for in the next few weeks: How does the street treat disappointments in the mid-cap segment? If the reaction is l...
- Assam releases Rs 47.93 crore flood relief to 31,951 families; total aid reaches Rs 146.26 croreAssam Chief Minister Himanta Biswa Sarma released Rs. 47.93 crore in interim flood assistance through DBT to 31,951 families across Sivasag...
- PDP workers, farmers detained in Shopian protest over crop insurancePDP workers and farmers were detained in Shopian during a protest. They demanded the implementation of a crop insurance scheme for damaged ...
- Europe’s economy faces the hard reality of climate change this summerThe intense heatwaves sweeping across Europe this summer are leaving deep economic scars. With soaring temperatures and severe drought hamp...
- Climate tech startup InRisk raises $27 million from Bessemer, othersClimate tech startup InRisk Labs has raised $27 million in a round co-led by Bessemer Venture Partners and Sameer Brij Verma’s Northpoint C...
- Govt probes complaints of Re 1 crop damage claims; warns insurers against playing jokes with farmersUnion Agriculture Minister Shivraj Singh Chouhan has ordered a probe into crop insurance claims as low as Re 1. He expressed strong disappr...
- Shivraj Singh Chouhan to transfer crop insurance claims worth Rs 3,200 cr to 30 lakh farmers on MondayAgriculture Minister Shivraj Singh Chouhan will digitally transfer Rs 3,200 crore in crop insurance claims to 30 lakh farmers under PMFBY d...
- Centre orders insurance firm to pay Rs 225 cr to Maharashtra farmers in a weekThe Central government ordered an insurance company to settle pending crop insurance claims worth up to Rs 225 crore for approximately 2 la...
- Govt says crop insurance claims worth Rs 2,761.10 cr pending under PMFBY till 2021-22Crop insurance claims worth Rs 2,761.10 crore under PMFBY were pending till 2021-22, with Rajasthan, Maharashtra and Gujarat being the stat...
- Crop insurance claims at Rs 9,570 cr for 2020-21 lower by over 60 pc from previous yearPMFBY was launched in 2016-17 with many improvements over the erstwhile crop insurance schemes. The operational guidelines of the scheme we...
- Tech holds key to fast-tracking crop insurance claimsThe use of tech to expedite claims has become even more important as the govt has mandated to settle insurance claims within two months of ...
- Crop insurance scheme likely to get Rs 13,000 crore in FY19 budgetAccording to sources, the budget allocation for the PMFBY could go up to Rs 13K-cr for the next fiscal taking into account about 10% likely...
- Claims worth Rs 4,416 crore settled under PM Crop schemePM Narendra Modi had launched the scheme at Sherpur in Sehore district of Madhya Pradesh during the Farmers' Convention in February.
- Government to soon buy 'Drone' technology to assess crop damageInitially, the government will purchase one drone technology and would order for more after checking the feasibility, the official said.
- Crop losses due to unseasonal rains to top Rs 100 crore: Agriculture Insurance CompanyUnseasonal rains and hailstorms are likely to result in insurance claims to the tune of Rs 100 crore for crop losses, Agriculture Insurance...
- Cyclone Hudhud may leave crop insurance claims worth Rs 1,500 crore in its wakeThe two states were hit by a similar storm a year earlier. Cyclone Phailin in 2013 had also cost Rs 1,500 crore to insurers.
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