Related News

Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015. Jim Spellman | WireImage | Getty Images

BENGALURU: Scientists from Indian Institute of Science (IISc) reported an advance in the long quest to move electronics beyond silicon, by creating molecular-scale devices that can adapt their behaviour and

The big AI bubble question has been the tech industry’s buzziest debate all year, and one robot has weighed in with its opinion. KOID is a short but slender humanoid

On the 50th anniversary, two legends tell the story of the momentous 1969 moon walk: Apollo 11 commander Neil Armstrong and “CBS Evening News” anchor Walter Cronkite — the man

Softbank has completed its $40 billion investment commitment to OpenAI, sources told CNBC’s David Faber. The Japanese investment giant sent over a final $22 billion to $22.5 billion investment last

Some questions arrive quietly. When is the next full Moon 2026 is one of them. It usually turns up while scanning a calendar or noticing the moon hanging a little

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Crop insurance boost: Agriculture minister Shivraj Singh Chouhan to transfer Rs 3,200 cr PMFBY claims on Monday; new rules bring faster payouts

Word Count: 603 | Estimated Reading Time: 4 minutes


Crop insurance boost: Agriculture minister Shivraj Singh Chouhan to transfer Rs 3,200 cr PMFBY claims on Monday; new rules bring faster payouts

Agriculture minister Shivraj Singh Chouhan will digitally transfer Rs 3,200 crore in crop insurance claims on Monday under the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 30 lakh farmer beneficiaries. The transfer will take place during an event in Jhunjhunu, Rajasthan, attended by Rajasthan Chief Minister Bhajanlal Sharma, Union Minister of State for Agriculture Bhagirath Choudhary, and state agriculture minister Kirodi Lal Meena, PTI reported.According to an official statement, of the total claim amount, Rs 1,156 crore will go to farmers in Madhya Pradesh, Rs 1,121 crore to 7 lakh farmers in Rajasthan, Rs 150 crore to beneficiaries in Chhattisgarh, and Rs 773 crore to farmers in other states.Chouhan said the Centre has introduced a simplified claim settlement system in the interest of farmers, allowing proportionate payments based only on the central subsidy without waiting for the state’s premium contribution. “From the Kharif 2025 season onwards, if a state government delays its subsidy contribution, it will be penalised at 12 per cent, and similarly, if insurance companies delay payments, farmers will receive a 12 per cent penalty,” he stated.Since its launch in 2016, PMFBY has disbursed claims worth Rs 1.83 lakh crore, against farmers’ premium payments of Rs 35,864 crore. “This means an average claim payout of more than five times the premium, indicating the government’s farmer-friendly policy,” Chouhan said.The agriculture ministry noted that several technological initiatives — including YES-TECH, the WINDS portal, the AIDE mobile app, the Krishi Rakshak Portal, and helpline number 14447 — have improved claim settlement speed, enhanced transparency, increased weather data accuracy, and enabled farmer registration facilities at the village level.





Source link

Most Popular Articles