GUWAHATI, June 20 - The lack of initiative from the side of insurance companies is the main cause due to which farmers of Assam are yet to get proper benefits under Pradhan Mantri Fasal Bima Yojana (PMFBY).
State Agriculture Minister Atul Bora made the observation while flagging off a vehicle which will be used for creating awareness about the scheme. The vehicle was developed by HDFC Agro Company.
He said the farmers of the State should know about the compensation which they could avail under PMFBY for the loss of agri-products in floods, erosion, hailstorm, insect attack and other diseases.
The implementation of PMFBY was started in Assam from 2016 and during 2019-20, it has covered 9, 71,820 farmers across the State. For this purpose, the department has entrusted three companies namely Agriculture Insurance Company of India, HDFC Agro General Insurance Company Ltd and Agriculture Insurance Company of India Ltd.