New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the name of the digitized claim settlement

    module launched under the Pradhan Mantri Fasal Bima Yojana ( PMFBY ) ?
    A DigiClaim Correct Answer Incorrect Answer
    B Pradhan Mantri Fasal Bima Yojana Correct Answer Incorrect Answer
    C National Crop Insurance Portal Correct Answer Incorrect Answer
    D Krishi Bhawan Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Union Minister of Agriculture minister Narendra Singh Tomar launched the National Crop Insurance Portal's digitized claim settlement module 'DigiClaim' under the ambit of Pradhan Mantri Fasal Bima Yojana ( PMFBY ) at Krishi Bhawan in Delhi . With the launch of the module, claims will be disbursed electronically, which will benefit the respective farmers of six states . Now, the automated claim settlement process will be an ongoing activity to ease all insured farmers' lives and provide them with a sustainable financial flow and support, informed the government through a release . The Union Minister mentioned that till date Rs 1 .32 lakh crore claim amount has been disbursed to the insured farmers under PMFBY . About Pradhan Mantri Fasal Bima Yojana The Pradhan Mantri fasal bima yojana ( PMFBY ) launched on 18 February 2016 by Prime Minister Narendra Modi is an insurance service for farmers for their yields . It was formulated in line with One Nation – One Scheme theme by replacing earlier two schemes National Agricultural Insurance Scheme ( NAIS ) and Modified National Agricultural Insurance Scheme ( MNAIS ) by incorporating their best features and removing their inherent drawbacks ( shortcomings ). It aims to reduce the premium burden on farmers and ensure early settlement of crop assurance claim for the full insured sum .

    Practice Next

    Relevant for Exams: