Our village had a clear crop failure last season but no money yet. How long does the PMFBY claim really take to come?
How long after a bad harvest does the PMFBY claim money actually reach my bank account?
GGanpat Shinde6mo ago · 162 views
7 Answers
🌾Farmer.in Krishi TeamExpert ✓6mo ago
Yield-based PMFBY claims are slower than most farmers expect because several steps must finish first. The state has to complete the crop cutting experiments and submit the yield data, the insurance company processes the unit-wise shortfall, and the government has to release its share of the premium subsidy to the company, since claims are often held until that subsidy is paid. Only then is the claim calculated and credited directly to the bank accounts of insured farmers in the affected units. Realistically this can take several months after harvest, sometimes longer if yield data or subsidy release is delayed. The scheme provides for the insurer to pay interest to farmers if settlement is delayed beyond the prescribed period, so ask about that if you are waiting too long. To track it, check the crop insurance portal and follow up with your agriculture office; confirm the current settlement timeline with the insurance company.
BBaban Shinde6mo ago
Hamare gaon me fasal kharab hone ke baad paisa aane me kareeb 6 mahine lage. Beech me hum agriculture office ke chakkar kaatte rahe. Portal par status check karte raho aur delay ho to interest ke baare me pucho.
MMadhukar Pawar6mo ago
One thing I learned is that claims often wait until the government releases its premium subsidy share to the insurer. We followed up through our farmer group rather than alone, which got faster replies. Confirm the settlement timeline with the insurance company.
SShivaji Mane6mo ago
I kept my bank account active and updated, because a few farmers in our unit had their credit fail due to a wrong or dormant account. Make sure the account linked to your policy is correct so the money does not bounce back when it finally comes.
TTatyasaheb Patil6mo ago
Hamare unit me delay isliye hua kyunki crop cutting ka data state ne der se upload kiya. Maine apne agriculture office se likhit me CCE complete hone ki tareekh maangi, taaki pata chale dair kis stage par ho rahi hai. Aksar problem state ke data me hoti hai, insurance company me nahi, isliye dono jagah follow up karo.
SSuryakant Jadhav5mo ago
One thing worth knowing is that the scheme provides for the insurer to pay interest if settlement crosses the prescribed period after the data is received. When our claim was very late I asked the insurer in writing about delayed payment interest, and at least the question got things moving. Keep your intimation and follow up letters dated, they help if you ever need to claim that interest. Confirm the exact timeline with the insurance company.
NNivas Pawar5mo ago
Mera anubhav yeh hai ki akele chakkar kaatne se behtar hai poore gaon ke insured kisaan milkar ek application dein agriculture office aur insurance company ko. Hamare unit ke sab logon ne ek saath likha to jawab jaldi aaya aur paisa bhi thoda jaldi aaya. Group me awaaz uthane se kaam jaldi hota hai.