.png "Fasal Bima Yojana Amendment 2026")
- Claim Timeline: Crop insurance claims must now be settled within 21 days of crop loss assessment, ensuring faster relief.
- Interest Clause: Farmers will receive 12% interest if insurers or state governments delay payments beyond the deadline.
- Transparency Boost: Farmers can track claim status digitally, reducing uncertainty and improving trust in the system.
- Accountability: Both insurers and state governments are held responsible for delays, ending the blame-shifting seen earlier.
- Farmer Welfare: Provides quicker compensation for losses due to droughts, floods, pest attacks, and other natural calamities.
- Policy Impact: Expected to strengthen trust in PMFBY, improve rural resilience, and align with the government’s farmer-first approach under Atmanirbhar Bharat.
Question:
Q.1 The revised Pradhan Mantri Fasal Bima Yojana (PMFBY) mandates settlement of crop insurance claims within:a) 14 days
b) 21 days
c) 30 days
d) 45 days
Answer: b) A key reform—claims must be settled within 21 days of crop loss assessment to ensure timely relief.
