India Region

Madhya Pradesh Government transfers crop insurance benefit of 7,600 crores to farmers

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16 February 2022, Bhopal: The agriculture department of Madhya Pradesh organised an event for disbursement of crop insurance fund of ₹ 7,600 crore via direct benefit transfer. A total of 49 lakh farmers of Madhya Pradesh were covered under the scheme.

Speaking at the occasion, CM Chouhan congratulated the farmers for their relentless hard work and dedication to turn the vision of Atmanirbhar Madhya Pradesh into reality.

Elucidating further on the steps taken by the state government to bring the benefits of the Pradhan Mantri Fasal Bima Yojana to the doorstep of the farmers, CM Chouhan said “We have successfully registered 4 crore 43 lakh 61 thousand 570 farmers in the last five years, after the launch of the scheme. We have seamlessly disbursed an aggregate claim amount of ₹ 16 thousand 750 crore 87 lakh to 73 lakh 69 thousand 614 farmers Rabi 2019-20. This is nothing short of a success of 93.41 per cent.”

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The state government is carrying out an end-to-end computerization of crop insurance. The process of insurance unit determination is completely online by integrating with the land records. It is also using remote sensing technology to estimate the average yield from the field. The process of registration has been linked with the Aadhar card, so that an area can be insured only once, eliminating the situation of duplication.

Due to strong political will and efficient implementation of central and state government policies, the Madhya Pradesh Government has focused on a five-fold strategy for agricultural development, which includes: reduction in the cost of agriculture, increase in production and productivity, agricultural diversification, better product value and disaster management in the agriculture sector. The state has seen an increase in agricultural production from 2 crore 38 lakh MT, in 2004-05, to 6 crore 69 MT in 2020-2021.

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