Maharashtra Crop Insurance Premiums 45% Higher Than Payouts in 8 Years: PMFBY Analysis
Maharashtra Crop Insurance Premiums 45% Higher Than Payouts in 8 Years: Between 2016-17 and 2023-24, the state of Maharashtra witnessed an alarming trend in its agricultural insurance statistics. Despite enduring multiple climate-induced calamities such as droughts, floods, and unseasonal rains, the total insurance premiums paid to companies under the Pradhan Mantri Fasal Bima Yojana (PMFBY)…