News Regulations06 Dec 2022

India:Govt works to restructure flagship crop insurance scheme

06 Dec 2022

The government is restructuring its flagship crop insurance scheme, the Pradhan Mantri Fasal Bima Yojana (PMFBY), through measures including the use of artificial intelligence (AI)-based technologies for the timely assessment of crop yield data for prompt claims settlement and the introduction of competitive bidding by insurers.

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