Fasal Bima Yojana: FM stresses on need to release premium subsidy in time

Finance Minister Nirmala Sitharaman on Monday underlined the need for states to release premium subsidy on time to ensure timely settlement of claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY).

While reviewing the implementation of the PMFBY through video conferencing, she also stressed on the need of carrying out awareness activities to ensure dissemination of information among all farmers in view of the scheme becoming voluntary for all farmers.

She suggested that stringent follow-up should be done with states where subsidy is pending, especially those which are not implementing the scheme in Kharif 2020 with a view to ensure payment of