According to the Ministry of Agriculture and Farmers Welfare (MoA&FW) data presented to the Lok Sabha (the Lower House of the Parliament) in April 2025, 97% i.e. Rs 1,34,353 crore of all reported claims (Rs 1,38,401crore) under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) have been settled across India.
- Top 3 Indian States achieved 100% claim settlement under the schemes: Goa, Chhattisgarh, Telangana, and Tamil Nadu (TN).
Key Findings:
i.Among Indian states with the highest shortfall in crop insurance payouts, Andhra Pradesh (AP) topped with claims pending worth Rs 1,842 crore, followed by Maharashtra (Rs 631 crore) and Rajasthan (Rs 478 crore).
ii.Top 5 States/Union Territories (UTs) with low claims settlement ratio:Â Assam (94%), Tripura (91%)Â , UT Andaman and Nicobar Islands (75%), AP, and Sikkim (51%).
iii.Top 3 states filed the highest claims under the schemes in last 6 years (from Financial Year 2018-19 to FY24): Maharashtra filed claims worth Rs 33,259 crore (approximately 24% of the total claims reported across India), followed by Rajasthan with claims worth Rs 25,284 crore and Madhya Pradesh (MP) at Rs 22,749 crore.
iv.Top 3 states paid highest claims during last 6 years (As of March 31, 2025): Maharashtra (Rs 32,628 crore), MP (Rs 22,274Â crore) and Rajasthan (Rs 24,806 crore).
v.Top 3 states/UTs paid lowest claims during last 6 years: Goa and Andaman & Nicobar Islands (0.1 crore each), Sikkim (0.6 crore) and Manipur (6.2 crore).
About Pradhan Mantri Fasal Bima Yojana (PMFBY):
i.PMFBY launched in 2016 by Prime Minister (PM) Narendra Modi, is a flagship crop insurance scheme in India under Ministry of Agriculture and Farmers Welfare. On February 18, 2025, PMFBY completed 9 years of its successful implementation.
ii.It is designed to protect farmers from financial losses due to natural calamities by offering comprehensive risk coverage from pre-sowing to post-harvest stages at a minimum premium cost.
iii.Under this scheme, farmers pay only 2% (Kharif crops), 1.5% (Rabi crops). or 5% (horticultural/commercial crops).
- While, the remaining part of actuarial premium is shared by GoI and state governments in the ratio of 50:50, except for North eastern states (from Kharif 2020) and Himalayan states (from Kharif 2023) in the ratio of 90:10.
iv.The scheme is implemented through a multi-agency framework by selected insurance companies under the overall guidance of the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), MoA&FW and the concerned state in co-ordination with various agencies like: commercial banks, co-operative banks, Regional Rural Banks (RRBs), among others.
v.In March 2025, the GoI approved the continuation of PMFBY and RWBCIS till FY26, with total budget outlay of Rs 69,515.71 crore for the period of FY22 to FY26.
Recent Related News:
In April 2025, Union Minister Shivraj Singh Chouhan, MoA&FW and Ministry of Rural Development (MoRD) led the Indian delegation at the 3rd Bay of Bengal Initiative for Mutli-Sectoral Technical and Economic Cooperation (BIMSTEC) Agriculture Ministerial Meeting (BAMM) held in Kathmandu, Nepal.
