Karnataka bags National Award for Fasal Bima Yojana

Category : Awards Published on: April 24 2023

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Karnataka has bagged the national award for the best implementation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) in the country.
According to the authorities, between the kharif season 2021 and 2022, the state recorded a 47.74% increase in the enrolment of farmers under the scheme, while the area covered under the scheme increased by 41.80%.
In the Kharif season 2021, 16.15 lakh farmers had enrolled under the scheme. It increased to 23.86 lakh in 2022. The extent of areas covered under the scheme increased from 13.35 lakh hectares to 18.94 lakh hectares.
For Kharif 2022 season, 5.60 lakh farmers whose fields were affected by natural calamities have already been compensated within the same year itself (which was not being done in the previous years) with crop insurance claims being settled to the tune of Rs 298.57 crore under add-on coverages such as prevented sowing, localized calamities, mid-season adversity and post-harvest loss claims.