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Cut-off Date for Submission of Insurance Proposals Extended till 10th August, 2016

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Capital Market
Last Updated : Aug 04 2016 | 1:01 PM IST
Ministry of Agriculture and Farmers Welfare have received a number of requests from various States for extension of cut-off date on account of various reasons including delay in carrying out the requisite preliminaries and consequential delay in notification, this being the first season for implementation of Pradhan Mantri Fasal Bima Yojana(PMFBY). The matter has been considered and Ministry of Agriculture and Farmers Welfare today decided to extend the cut-off date for submission of insurance proposals upto and including 10th August, 2016 by relaxing provision of Para IX (3 & 4) of Operational Guidelines of PMFBY & Weather Based Crop Insurance Scheme.

All cut-off dates for subsequent activities should accordingly be extended. This extension is valid only for crops where cut-off date earlier was 31st July, 2016. Earlier also Ministry extended the cut-off date for submission of insurance proposals under PMFBY upto 2nd August, 2016.

This is a one-time extension only and should not to be quoted as precedent in future. State Government may consider taking appropriate action regarding extension of cut-off date accordingly as deemed fit and inform all stakeholders including SLBC/Banks.

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First Published: Aug 04 2016 | 12:32 PM IST

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