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Economy, Schemes & Policies
Mahesh

24/03/23 08:47 AM IST

DigiClaim

In News
  • Union Minister of Agriculture & Farmers Welfare, Shri Narendra Singh Tomar launched National Crop Insurance Portal’s digitized claim settlement module namely DigiClaim under the ambit of Pradhan Mantri Fasal Bima Yojana (PMFBY) at Krishi Bhawan, New Delhi.
About DigiClaim
  • With the launch of the module, claims will be disbursed electronically, which will benefit the respective farmers of six states.
  • Now, the automated claim settlement process will be an ongoing activity to ease all insured farmers' lives and provide them with a sustainable financial flow and support.
  • DigiClaim is yet another feather in PMFBY's cap in its ongoing effort to usher in advanced technological solutions such as automated calculation and disbursement of crop insurance claims.
Significance
  • With the launch of a DigiClaim Module, insurance claims totaling Rs 1260.35 crore have been disbursed on March 23, 2023 to insured farmers in the states of Rajasthan, Uttar Pradesh, Himachal Pradesh, Chhattisgarh, Uttarakhand and Haryana.
  • Till date Rs 1.32 lakh crore claim amount has been disbursed to the insured farmers under PMFBY.
  • This would directly impact the claim reversal ratio, which is expected to go down with DigiClaim.
  • Another noteworthy feature of this digital advancement is that farmers would be able to track the claim settlement process on their mobile phones in real-time and avail the scheme’s benefits.
About PMFBY
  • Launched in 2016 and is being administered by the Ministry of Agriculture and Farmers Welfare.
  • It replaced the National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS).
Objectives
  • To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crops as a result of natural calamities, pests & diseases.
  • To stabilize the income of farmers to ensure their continuance in farming.
  • To encourage farmers to adopt innovative and modern agricultural practices.
  • To ensure the flow of credit to the agriculture sector.
  • There will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops. In the case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%.
  • Premium over and above these limits is shared by the Central and State Governments on 50:50 basis except in North Eastern Region where it is 90: 10.
  • There is no upper limit on Government subsidies. Even if the balance premium is 90%, it will be borne by the Government.
Source- PIB

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