27-July-2025
Economy News
 
Crop insurance default by states cross Rs 6450 crore in 5 years
26-Jul-2025

The defaults in settlement of crop insurance claims by states under the highly subsidised Pradhan Mantri Fasal Bima Yojana (PMFBY) has exceeded Rs 6,450 crore in the five years through FY25, the agriculture ministry told Parliament on Friday. Andhra Pradesh (Rs 2565 crore), Rajasthan (Rs 1525 crore), Madhya Pradesh (Rs 1468 crore), Tamil Nadu (Rs 124 crore) and Uttar Pradesh (Rs 121 crore) have been the major defaulter.

News Source:- https://www.financialexpress.com/policy/economy-crop-insurance-default-by-states-cross-rs-6450-crore-in-5-years-3926984/