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India's Agriculture Minister to digitally distribute $420M in crop insurance to 3M farmers.
Indian Agriculture Minister Shivraj Singh Chouhan will digitally transfer Rs 3,200 crore in crop insurance claims to 30 lakh farmers on August 11 under the Pradhan Mantri Fasal Bima Yojana (PMFBY).
The event, taking place in Jhunjhunu, Rajasthan, follows the introduction of a new system allowing faster payments based on central subsidies.
Since the PMFBY's launch in 2016, claims worth Rs 1.83 lakh crore have been disbursed, with farmers paying just Rs 35,864 crore in premiums.
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El Ministro de Agricultura de la India distribuirá digitalmente $420M en seguros de cosechas a 3M agricultores.