pmfby achievements & way forward india …1. pradhan mantri fasal bima yojana (pmfby) – yield...
TRANSCRIPT
India Agricultural Outlook Forum 2019
By Ashish Bhutani, CEO, Pradhan Mantri Fasal Bima Yojana, India
PMFBY – Achievements & Way Forward
Crop Insurance In India
Crop Insurance In India consists of 4 Schemes
1. Pradhan Mantri Fasal Bima Yojana (PMFBY) – Yield Index based crop insurance Scheme, 95% of the total Coverage
2. Restructured Weather Based Crop Insurance Scheme (RWBCIS) – Weather Index based Crop Insurance Scheme, 5% of the total Coverage
3. Unified Package Insurance Scheme (UPIS) – Consists of 7 sections , crop insurance is mandatory and farmer have to choose at least two sections to avail applicable subsidy
4. Coconut Palm Insurance Scheme (CPIS) – Implemented in 8 States by AIC and administered by Coconut Development Board (CDB). 50% premium – CDB, 25% - State & 25% - Centre
Pan India scheme. Seventh season of implementation
Multi-stakeholder Scheme – Central Govt; 27 States and UTs; 18 Insurance Companies; 160,000 bank branches, CSCs with VLEs across India
Mandatory for loanee farmers while non-loanee farmers apply for the scheme voluntarily
Entire crop cycle covered – pre sowing to post harvest losses
Subsidised premium rates for farmers - 2% of sum insured for Summer crops, 1.5% of sum insured for Winter Crops, and 5% for commercial/ horticulture crops
Remaining premium shared equally between Federal and Provincial Governments
Key Features of PMFBY
1 2 3 4 5
Farmer’s Application
166 million in six seasons
Voluntary Enrolment
In 2018-19
CSC - 13.3 million
Voluntary Coverage - 36%
NCIP National Crop
Insurance Portal (NCIP) form Kharif’2017
Policy Documents
28.8 million receipts in 10
regional languages for last 2 seasons
Gross Cropped Area
30% of gross cropped area is
insured
Achievements
Status of Implementation of PMFBY
• *Kharif 2018 claims are currently under process • **Rabi 2018-19 enrolment and claims statistics are provisional
Season
Number of Farmers Insured (million)
Total Sum Insured
Total Farmers Share in Premium
Total Gross Premium
Total Claim Paid
Total No. of Farmers against paid Claims
(million) (In USD Billion)
Kharif 2016 40.5 18.8 0.4 2.3 1.5 10.8
Rabi 2016-17 17.5 10.4 0.2 0.9 0.9 4.1 2016-17 58.1 29.2 0.6 3.1 2.4 14.8 Kharif 2017 35.0 18.3 0.4 2.7 2.6 14.6 Rabi 2017-18 17.5 11.2 0.2 0.9 0.5 2.5
2017-18 52.6 29.5 0.6 3.6 3.1 17.1 Kharif 2018* 34.1 19.6 0.5 3.0 1.8 10.5 Rabi 2018-19** 22.3 14.0 0.2 1.2 0.2 1.8
2018-19 56.4 33.6 0.7 4.1 2.0 12.3
Lack of Awareness
Issues in Yield
Estimation
Delay in Settlement of
Claims
Enrolment Issues
1. Delay in State Share of
Subsidy by State to
Insurance Companies
2. Delay in sharing of CCE
data by State government
to ICs
3. Delay in processing of
claims by Insurance
Companies
1. Delay in notification and
its digitization by States
2. Delay in transfer of
Premium and uploading
of Data on NCIP by
Banks
3. Erroneous data entry
Challenges
1. Loanee farmers are
unaware about Policy
details
2. Absence of Grievance
Redressal Structures
1. More than 7 million manual
CCEs during short period
of time require extensive
manpower
2. Manipulations during
conduct of CCE
3. CCE Schedule not shared
with ICs
Crop Insurance App – online
enrolment simplified for farmers National Crop Insurance
Portal operationalized – auto
administration of the Scheme
Online acknowledgement
receipts and SMS with
policy details
Provision of Penalty and adverse
ranking – Delay by states in
notification and its digitization
Integration of NCIP with ICs
System and CBS of banks -
Proposed
Linking of NCIP with Unified
Farmer’s Data base -
Proposed
Solutions – Enrolment & Awareness Grievance Redressal Committees –
State & District Level
Technology based claims
settlement in case of delay in
sharing of yield data/ non-usage of
CCE-agri app - Proposed
100% CCEs through mobile
application
Provision of release of
advance subsidy for both
GoI and State
Provision of Penalty on
States and ICs
Migration to smart sampling
for conduct of Crop Cutting
Experiments (CCEs) and
optimization of CCEs -
Proposed
Adoption of direct yield
estimation at gram panchayat
level through technology for all
major notified crops - Proposed
Solutions – Claim Settlement & Yield Estimation
Two-step process for assessment of crops
losses/yield for Claims Settlement - Proposed
@pmfby @PMFasalBimaYojana www.pmfby.gov.in
THANK YOU